145 Melrose Avenue in Tryon is a Nice Investment Opportunity in a Wonderful Neighborhood
$599,000 | CPE#: 486136
Built in 1910, the purchase of 145 Melrose Avenue includes the main house and adjoining cottage on just over a half acre. The main house has two apartments with separate entrances. The cottage at 135 Melrose Avenue also has two apartments, each with its own entrance.
The home is designed for the owner to occupy the main house and enjoy the income from the four apartments. At this time, all apartments are 100% rented. The property is fully landscaped and underwent extensive upgrades in 2005, including all electrical, plumbing, boiler, and furnace replacements.
145 Melrose Avenue is just a few steps from Woodland Park. It’s also just a short drive or walk from downtown Tryon, the Tryon Fine Arts Center, and the local post office.
The town of Tryon is located about 40 miles south of Asheville near the state line at the base of the Saluda Grade, the steepest standard-gauge railway grade in the country. Calling itself “The Friendliest Town in the South,” Tryon is probably best known for its Foothills Equestrian Nature Center, a 390-acre educational and recreational center that provides programs in nature study, outdoor recreation, and equestrian competition.
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