145 melrose avenueTryon, NC 28782

$1,000,000Price
5,722 Sq.Ft.$175 / Sq.Ft.
5,722Sq.Ft.
$175per Sq.Ft.
OverviewLocationBuilding informationProperty InfoPublic Records
$1,000,000Price
5,722$174.76 / Sq.Ft.

145 melrose avenueTryon, NC 28782

Description

*RARE INCOME PRODUCING HISTORICAL HOME IN TRYON!* Discover a rare investment opportunity in the heart of Tryon, NC where historic elegance meets modern cash flow. Nestled just steps from downtown, 145 Melrose offers 5,722 sq ft of beautifully renovated living space across two distinct buildings—a grand 1910 built main house & a charming detached cottage—now configured as six upscale, long-term rental apartments. Fully leased at $8,350/mo ($100,200/yr), this turnkey property delivers immediate income with room to grow. Step into a world of timeless appeal: the main residence boasts a wraparound porch, hardwood floors, & soaring ceilings, thoughtfully divided into 4 spacious units. The adjacent cottage adds 2 more, each w/ private entrances & modern upgrades. Set on a lush 0.52-acre lot w/ manicured gardens, this compound radiates curb appeal & versatility. Centrally located between Asheville, Charlotte, Greenville & Spartanburg - less than 1 hour to AVL & GSP & >2 hours to CLT airports.

Property Details for 145 Melrose Avenue

  • Property AttachedNo

LISTING UPDATED:

  • StatusPending
  • MLS #CAR4232611
  • Days on Site46
  • MLS TypeCommercial Sale
  • Year Built1910
  • CountryPolk

Location

NCTryon28782145 Melrose Avenue

Listing Courtesy of RE/MAX Results - Becky Call

LISTING UPDATED:

  • StatusPending
  • MLS #CAR4232611
  • Days on Site46
  • MLS TypeCommercial Sale
  • Year Built1910
  • CountryPolk

Building Information for 145 Melrose Avenue

Payment Calculator

$10,322 per month30 year fixed, 7.00% Interest
Principal and Interest$5,322.42
Property Taxes$5,000
HOA Dues$0

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Property Information for 145 Melrose Avenue

Summary

Location and General Information

  • Directions: From Spartanburg, take I-26 W. Exit 1 to Landrum. Turn left onto hwy 14. Right on hwy 176. Right on Cowan Ln. Left on Pacolet St. Right on Melrose ave. House is on left.
  • Coordinates: 35.20689842,-82.24152693

School Information

    Taxes and HOA Information

    • Parcel Number: T11-A25
    • Tax Legal Description: T11D

    Virtual Tour

      Parking

      • Open Parking: No

      Interior and Exterior Features

      Interior Features

      • Cooling: Ceiling Fan(s), Window Unit(s)
      • Heating: Heat Pump, Radiant
      • Appliances: Oven, Refrigerator, Tankless Water Heater, Washer/Dryer
      • Basement: Apartment, Partially Finished, Walk-Out Access
      • Flooring: Wood
      • Foundation: Basement
      • Bathrooms Total Integer: 8

      Exterior Features

      • Construction Materials: Fiber Cement
      • Patio And Porch Features: Wrap Around
      • Pool Features: None
      • Road Surface Type: Paved
      • Roof Type: Shingle
      • Pool Private: No
      • Road Frontage Type: City Street
      • Other Structures: None

      Property

      Utilities

      • Sewer: Public Sewer
      • Utilities: Cable Available, Electricity Connected, Natural Gas, Satellite Internet Available, Wired Internet Available
      • Water Source: City

      Property and Assessments

      • Home Warranty: No

      Green Features

        Lot Information

        • Lot Features: Cleared

        Rental

        Rent Information

        • Land Lease: No

        Public Records for 145 Melrose Avenue

        Home Facts