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.

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Listed by: Bob Kean