1296 Main Street

Melvin, Michigan 48454

  • 0 Bed(s)
  • 2.5 Bath(s)
  • 1,885 Sqft
  • 0.55
    Acre(Lot)
$259,900

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.

  • 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 02/23/2025 @ 05:23

  • 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.