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1296 Main
MelvinMI 48454

$265,000
for sale
Tools
Brochure
Size
4
Bedrooms
2
Full Baths
1
Partial Bath
1,885 Sq Ft.
interior
0.55 Acres
Exterior
Financial
$265,000
Change Currency
$141
Price Per Sqft
$3,002
Annual taxes
Listing Details
Multi Family
Property type
1900
Year Built
12387484
Web Id
50149159
MLS ID
62
Days Posted

Description

1296 Main,

Melvin, MI 48454

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.

This is an Active listing.

Broker Office Phone Number: 586-727-2741

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Amenities

  • Refrigerator
  • Water Softener
  • Dryer Included
  • Garage
  • Garage - Attached

Price History

datepricevariancetype
7/19/2024$265,000-Listed
Listing By: Coldwell Banker Professionals via Data Source: Multiple Listing Service MiRealSource 
listing agent: Robert Kean


Located at 1296 Main, Melvin, Michigan 48454, this Multi Family is for Sale with a price of $265,000 USD. The property was built in 1900, includes 4 bedrooms, has 2 full baths and 1 partial baths. This listing has 1,885 Sq.Ft. of interior space on a lot of .55 Acres. See all Homes for Sale in Melvin.
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