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Coldwell Banker Town & Country Real Estate

karengillrealestate@gmail.com +1(810) 397-4451

$244,900

Est. payment - /mo

4 Beds

3 Baths

1,885 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 1,885 sqft

Price per Sqft $129

Subdivision Na

MLS Listing ID 58050206646

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 1900

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type MultiFamily

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

Area Area76241Speakertwp

Interior

Heating Baseboard, Natural Gas, Steam

Fireplace No

Exterior

Parking Features OneandHalfCarGarage, Attached

Garage Spaces 1.5

View Y/N No

Building

Foundation CrawlSpace, Slab

Sewer Septic Tank

Water Well

New Construction No

Schools

School District Brown City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

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Listed by Robert Kean of Coldwell Banker Professionals

Nearby School & Business

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Coldwell Banker Town & Country Real Estate

+1(810) 397-4451

Broker License ID: 308761

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1296 Main ST Speaker Twp, MI 48454

Coldwell Banker Town & Country Real Estate

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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