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108 N Franklin St, Madison, NC, 27025

--beds
--baths
0sqft
$560,000
--price/sqft
$3,604/moest. monthly cost
$144,160/yrincome needed

About This Home

Income Producing Business Investment Opportunity in DownTown Madison, NC! This renovated building has 4 offices suites that are currently rented at $1000 per month with a monthly gross income of $4000 per month. Renovations were completed in 2020 including interior remodeling and new heat pumps/central air! Each unit has a separate entrance and extra parking! Tenants have a 3 year lease in place with guaranteed income! This building is conveniently located and in walking distance to all shops and restaurants. The location is roughly 2 miles off of 220/I73! Private showings available by appointment only-please do not approach the building or disturb tenants.

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

7/10
Stoneville ElementaryGrades PK-56.1 mi
8/10
Western Rockingham MiddleGrades PK,6-81.6 mi
5/10
Dalton Mcmichael HighGrades 9-122.3 mi

Construction

Condition

  • Year built: 1974

Notable Dates

  • Major remodel year: 2022

Type & Style

  • Home type: SingleFamily
  • Property subType: Office

Interior

Interior Area

  • Total structure area: 5,600

Property

Details

  • Parcel number: 118946
  • Zoning: TCDMD
  • Special condition: Owner Sale

Features

  • Stories: 1

Lot

  • Features: City Lot

Parking

  • Total spaces: 12