Investment opportunity in downtown Madison. Renovation of (4) apartments consisting of (2) one bedroom and (2) studio units. Each unit has new electrical, plumbing, and HVAC systems.The first rental applications are currently being reviewed and will be rented soon. This building has value added potential to add up to 4 additional apartments for a total of eight units. In addition, there is retail space, with a separate entrance that has outstanding visibility from the street and excellent rental possibilities. Great opportunity for the owner to receive income from both the residential and retail spaces.
Awesome parcel in the commercial and retail area of Madison NC Completely cleared and a ditch has been installed around the property line and has US Highway 311 road frontage and is multi use. City water and septic.
Madison is located in North Carolina. Madison, North Carolina has a population of 2,462. Madison is less family-centric than the surrounding county with 22.65% of the households containing married families with children. The county average for households married with children is 25.14%.
The median household income in Madison, North Carolina is $39,107. The median household income for the surrounding county is $41,700 compared to the national median of $57,652. The median age of people living in Madison is 44.4 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 28 degrees. The average rainfall is approximately 45.9 inches per year, with 2.6 inches of snow per year.