1296 Main Street

Melvin, Michigan 48454

  • 0 Bed(s)
  • 2.5 Bath(s)
  • 1,885 Sqft
  • 0.55
    Acre(Lot)
$265,000

Description

This unique property is in the heart of melvin. own your own post office building with newly negotiated lease. currently leased for $581, but will increase to $849.75 on oct 1 with a five year lease. there are two apartments, an upper leased at $625 and lower unit at $700. leased below current market rates due to long term tenants. both 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. 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

    Multifamily

  • County

    Sanilac

  • Style

    Multifamily

  • AD ID

    46400918

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Property Details

  • Bathroom Information

    • Total Baths: 2.5
    • Full Baths: 2
    • Half Baths: 1

    Interior Features

    • Water Softener (rented)

    Heating & Cooling

    • Heating: Baseboard,Steam
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1900
    • Building Stories: 2 Story
    • Total Units: 3
    • Foundation/Basement: Crawl,Slab

    Utility Features

    • Sewer: Septic Tank (Existing)

    Water

    • Well (Existing)

  • Lot Information

    • Lot Size: 0.55
    • Dimensions: IRR

    Property Information

    • SQ ft: 1885
    • Subdivision: NA
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $265,000

    Listing Information

    • Possession: At Close
    • Legal Description: CLB

  • Tax Information

    • Annual Tax: $3,002
    • Parcel Number: 22110000001000

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: CLB

  • Multi-Unit Information

    • Road Frontage: Paved

  • Utility Information

    • Water:Well (Existing)
    • Sewer:Septic Tank (Existing)
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BuyOwner last updated this listing 09/07/2024 @ 21:52

  • MLS: 610730802
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is for sale, it has 1,885 sqft, 1 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Melvin , in zip code 48454, this Sanilac County Multifamily , it is in the NA Subdivision, are nearby neighborhoods.