33
See all 33 photos
$244,900
Est. payment /mo
2 Baths
0.55 Acres Lot
Active
1296 Main Street Melvin, MI 48454
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 50206646
Year Built 1900
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions IRR
Source MiRealSource
Property Description
If owning a post office building with rentals is your dream, here it is!!! This unique property is in the heart of Melvin. Own your own post office building with newly negotiated lease. The lower front unit, which currently is leased to the US Post office for $849.75 last Oct 1 with a five year lease. USPS has been a tenant since 1930....94 years of continuous service! In addition, There are two residential apartments, an upper leased at $625 and lower unit at $700. Both are leased below current market rates due to long term tenants. Apartments are on a month to month contract. Both apartments are 2 bedroom and in well maintained condition. There is a common area that has washer-dryer. Attached garage stores the lawn implements that go with sale. There is a nice storage shed in the spacious back yard that overlooks farm fields. The current owner has put in over 40k in improvements since purchase. Just in the last three years including: New roof for back apartment and Garage, Upgraded/Modernized Main Electric Panel, Installed new Well pump and piping, Installed new double windows in lower apartment unit, New Refrigerator in upstairs apartment, Tuck Pointing - Re-Grouting brickwork of Post Office exterior, Installed New 50 gal Water Heater, New toilet & new commercial grade flooring for Post Office, Installed new 30 foot Commercial Flag Pole, Installed new Modern "Closed System" Gas Boiler unit. See photo gallery for list of improvements. This building has been well maintained and is one of the original buildings in town. It is located across from the Melvin "hogtown" Tavern. Great opportunity for the investor in a small town community.
Location
State MI
County Sanilac
Direction N
Rooms
Basement Slab, Crawl Space
Interior
Heating Baseboard
Exterior
View Y/N No
Building
Structure Type Brick
Others
Tax ID 22110000001000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Coldwell Banker Professionals
NEARBY SCHOOL & BUSINESS