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About the Listing 2000 - 29619
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.
Listing Highlights for 1296 Main
Status
Active
Days on Site
422
Property Type
Multi-Family
MLS ®
50149159
Year Built
1900
Total Square Footage
1,885
Lot/Acreage
0.55
County
Sanilac
Neighborhood
Na
Area
Speaker Twp (76022)
School District
Brown City Comm School District
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Half
- Appliances: Dryer, Range/Oven, Refrigerator, Washer, Water Softener - Leased
- Air Cond:
- Heating: Baseboard,Boiler
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1885
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Private Well
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: IRR
- Zoning: Residential
- Roof:
- Others:
- Sewer: Septic
- Parking Features: Attached Garage
Financial Details
- Tax Amount: $3,002
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
1296 Main Melvin, MI 48454
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