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.
Property Type(s):
Multi Family
Last Updated
7/24/2024
Tract
NA
Year Built
1900
Community
Speaker Twp (76022)
Garage Spaces
1.5
County
Sanilac
SCHOOLS
School District
Brown City Comm School District
Additional Details
APPLIANCES
Dryer, Range/Oven, Refrigerator, Washer, Water Softener - Leased
AREA
Speaker Twp (76022)
BASEMENT
Crawl, Slab
CONSTRUCTION
Brick, Vinyl Siding
GARAGE
Attached Garage, Yes
HEAT
Baseboard, Boiler
LOT
0.55 acre(s)
LOT DIMENSIONS
IRR
SEWER
Septic
STORIES
2
SUBDIVISION
NA
WATER
Private Well
ZONING
Residential
Location
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Listing with MLS: , Coldwell Banker Professionals
Source MLS: MiRealSource
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