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145 Melrose AVE Tryon, NC 28782
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Key Details
Sold Price $979,000
Property Type Commercial
Sub Type Bed/Breakfast
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4232611
Sold Date 06/18/25
Year Built 1910
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Bed/Breakfast
Property 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.
Location
State NC
County Polk
Zoning M
Rooms
Basement Apartment, Partially Finished, Walk-Out Access
Interior
Heating Heat Pump, Radiant
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Wood
Appliance Oven, Refrigerator, Tankless Water Heater, Washer/Dryer
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas, Satellite Internet Available, Wired Internet Available
Roof Type Shingle
Street Surface Paved
Porch Wrap Around
Building
Lot Description Cleared
Foundation Basement
Sewer Public Sewer
Water City
Structure Type Fiber Cement
New Construction false
Others
Senior Community false
Restrictions Short Term Rental Allowed,Other - See Remarks
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Non Member • Canopy Administration