135 & 145 Melrose Avenue
135 & 145 Melrose Avenue
Tryon, NC 28782
$1,000,000
- Bedrooms: 8
- Bathrooms: 8
- Lot Size: 0.52 Acres
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 Summary
| Property Type: | Residential | Property Subtype : | Single Family Residence |
| Year Built : | 1910 | Construction Type : | Site Built |
| Lot Size : | 0.52 Acres | Living Area : | 3,686 sqft |
Property Features
- Cleared
- Covered Patio
- Wrap Around
Appliances
- Dishwasher
- Dryer
- Oven
- Refrigerator
- Tankless Water Heater
- Washer
- Washer/Dryer
More Information
- Construction : Hardboard Siding
- Parking : On Street
- Heating : Natural Gas, Radiant
- Cooling : Window Unit(s)
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
Based on information submitted to the MLS GRID as of 05-31-2025 01:09:05 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.