1296 Main Street Active Save Request In-Person Tour Request Virtual Tour
Melvin,MI 48454
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,885 sqft
Price per Sqft $140
Subdivision Mi
MLS Listing ID 50149159
Style 2 Story
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1900
Annual Tax Amount $3,002
Tax Year 2023
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions IRR
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 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 Speaker Twp (76022)
Zoning Residential
Interior
Heating Baseboard,Boiler
Fireplace No
Appliance Dryer,Range/Oven,Refrigerator,Washer,Water Softener - Leased
Exterior
Exterior Feature Brick,Vinyl Siding
Parking Features Attached Garage
Garage Spaces 1.5
Building
Story 2 Story
Foundation Crawl,Slab
Water Private Well
Structure Type Brick,Vinyl Siding
Schools
School District Brown City Comm School District
Others
Ownership Private
SqFt Source Estimated
Energy Description Natural Gas
Financing Cash,Conventional