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106 E Murphy St, Madison, NC, 27025

--beds
--baths
0sqft
$599,900
--price/sqft
$3,845/moest. monthly cost
$153,800/yrincome needed

About This Home

Updated multi-use investment property offering a reliable income stream and a strong rental history. This is a rare opportunity to own and shape the future of a historic property in the heart of Madison’s growing downtown area. Located within Madison’s Social/Entertainment District, local ordinances permit outdoor dining and drinking, creating excellent potential for a vibrant and inviting atmosphere. Zoned Madison Town Center, the property allows for a wide range of permitted uses. The building currently features an occupied commercial space on the main level along with three additional occupied residential apartments, providing immediate rental income.

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

7/10
Stoneville ElementaryGrades PK-56.0 mi
8/10
Western Rockingham MiddleGrades PK,6-81.7 mi
5/10
Dalton Mcmichael HighGrades 9-122.3 mi

Construction

Condition

  • Year built: 1935

Type & Style

  • Home type: SingleFamily

Interior

Interior Area

  • Total structure area: 5,100

Property

Details

  • Parcel number: 119077
  • Zoning: TCDMD
  • Special condition: Owner Sale

Features

  • Stories: 3