33
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$254,900
Est. payment /mo
2 Baths
0.55 Acres Lot
Price Dropped by $5K
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 50149159
Year Built 1900
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions IRR
Source MiRealSource
Property 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 cu
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
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Coldwell Banker Professionals