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1296 Main
Melvin MI 48454 US

$265,000

Active Listing ID 50149159
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4 bed
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3.00 Bath (2 Full , 1 Half)
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Lot: 0.55 Acres

$265,000

Active Listing ID 50149159
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1296 Main 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.

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Property Features

  • Facts
  • Lot Size: 0.55 Acres
  • Property Type: Residential Multi Family
  • Features
  • Full Bathrooms: 2
  • 1/2 Bathrooms: 1
  • Heating Fuels: Baseboard

Property

  • propertytype: Residential Multi Family
  • listprice: 265000
  • unparsedaddress: 1296 Main
  • postalcity: Melvin
  • stateorprovince: MI
  • country: US
  • postalcode: 48454
  • bathroomsfull: 2
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.55
  • lotsizeunits: Acres
  • lotsizearea: 0.55
  • livingarea: 1885
  • livingareaunits: Square Feet
  • latitude: 43.186912
  • longitude: -82.864991
  • listagentfullname: Robert Kean
  • listagentemail: keanersells@gmail.com
  • listagentkey: 3yd-MIREAL-29619
  • listagentmlsid: 29619
  • listagentpreferredphone: 8106505850
  • listagentofficephone: 5867272741
  • listofficekey: 3yd-MIREAL-2000
  • listagentstatelicense: 6506045064
  • listofficemlsid: 2000
  • disclaimer: Copyright © 2024 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MIREAL
  • yearbuilt: 1900
  • listingcontractdate: 2024-07-19
  • listagenturl: http://www.coldwellbankerwalters.com
  • countyorparish: Sanilac
  • parcelnumber: 22110000001000
  • elementaryschooldistrict: Brown City Comm School District
  • middleorjuniorschooldistrict: Brown City Comm School District
  • highschooldistrict: Brown City Comm School District
  • appliances: Dryer, Range, Refrigerator, Water - Softener
  • constructionmaterials: Brick, Vinyl Siding
  • heating: Baseboard
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Attached
  • waterfrontyn: False
  • franchiseaffiliation: Coldwell Banker Real Estate
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.86499, 43.186913
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Coldwell Banker Professionals", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"keanersells@gmail.com", "ListBrokerageCity":null, "ListBrokerageCountry":null, "ListBrokerageEmail":"gphomes@coldwellbanker.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Coldwell Banker Professionals", "ListBrokeragePhone":"(586) 727-2741", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageWebsiteUrl":"http://www.coldwellbankerwalters.com", "ListOfficeAddress1":"67395 Main St", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Richmond", "ListOfficeCountry":"US", "ListOfficeEmail":"chris.hendrix@coldwellbanker.com", "ListOfficePostalCode":"48062", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family, 2 Story - Melvin, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1296-Main-St_Melvin_MI_48454_M30753-85734?f=listhub&s=MIREAL&m=50149159&c=rexren", "MLSModificationTimestamp":"2024-07-25T02:05:27Z", "Neighborhoods":[{"Description":null, "Name":"Speaker Twp (76022)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3002, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:15:45 AM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Robert Kean, Coldwell Banker Professionals, keanersells@gmail.com

Copyright © 2024 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.