1. Michigan
  2. Melvin
  3. 1296 Main Street
$251,900

1296 Main Street, Melvin, MI 48454

  • 4 beds |
  • 3 baths |
  • 1,885 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon0.55acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $134/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Listing Agent: Robert Kean Broker: Coldwell Banker Professionals: 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 Status:
Active
Listing Office:
Coldwell Banker Professionals : 586-727-2741
Listing Agent:
Robert Kean : 810-650-5850
MLS ID:
50149159
  • Appliances: DryerRange/OvenRefrigeratorWasherWater Softener Rented
  • Heating: BaseboardBoiler

This listing courtesy of Robert Kean, Coldwell Banker Professionals

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Map Marker

Schools Nearby

B

Brown City Elementary School

4290 2nd St, Brown City, MI, 48416

Grades PK-6

6.64 miles away

B

Brown City Alternative High School

4400 2nd St, Brown City, MI, 48416

Grades 7-12

6.74 miles away

B

Brown City Alternative High School

4400 2nd St, Brown City, MI, 48416

Grades 7-12

6.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.