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USAMIMelvinNa1296 Main St
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$259,900

1296 Main St, Melvin, MI

Real Estate

For Sale

$--,---,---
430
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 1885 sqft
Garage Yes
Taxes $3,002
Days Active 326
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $137
MLS® Number 58050149159

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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 $581, will increase to $849.75 on 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.Show Description
MLS® Number58050149159
Laundry Level
Central VacNo
FireplaceNo
Acreage0.55
Exterior
GarageYes
Approx. Age1900
Basement
DrivewayOne and Half Car Garage, Attached
Garage Spaces
HeatBaseboard, Natural Gas, Steam
A/C
Heating Fuel

Extras

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