Price $1,000,000
Status Active
Beds 8
Baths 7.5 Baths
Home size 3,686 sqft
Lot Size 22,652 sqft
*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 Type(s): Single Family
Tract Other Year Built 1910
Community Other County Polk

SCHOOLS

Elementary School Polk Central
Jr. High School Polk
High School Polk

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Oven, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer
BASEMENT Apartment, Finished, Partially Finished, Storage Space, Walk-Out Access, Yes
HEAT Natural Gas, Radiant
LOT 0.52 acre(s)
LOT DESCRIPTION Cleared
MLS STATUS Active
PARKING On Street
SEWER Public Sewer
STORIES 2
SUBDIVISION Other

Location

 

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Listed with RE/MAX Results
Date last updated: 3/14/25 8:25 PM PDT

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