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    9655 Maplewood Avenue

    Bridgman, MI 49106
    • $330,000
    • STATUS: Active
    • ON SITE: 157 days
    • MLS #: 21004880
    UPDATED: 63 min ago
    $330,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,536
      SQFT
    • $130
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:

    School Ratings & Info

    School District:

    Description

    Great Investment opportunity by owning a United States Postal System Building! Concrete block and brick construction gives you a lower insurance bill as well as reduced maintenance costs. USPS pays for all monthly utilities, lawn care, and snow removal; making this an extremely low owner involvement rental opportunity. Another Five year lease extension with rent increase starts in July of 2021 along with rent increase negotiations for the 5 year extension for 2026-3031.Don't Miss your opportunity to take ownership of the most steady income producer on the market with a CAP rate pf 6+%This building has a covered loading dock as well as new asphalt for the delivery area (2019). Additionally, a new Roof and Air Conditioner in 2017.Ready to start producing income upon closing! Call today! Agent is related to seller.

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    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-25T07:00:41.38.
    www.grandrapidsmihomesforsale.com/homes/114311826
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    9655 Maplewood Avenue Bridgman, MI 49106

    • Price: $330,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 21004880
    0
    Beds
    2
    Baths
    0
    ½ Baths
    0.27
    Acres
    2,536
    SQFT
    $130
    $/SQFT
    1962
    Built
    Neighborhood:
    Bridgman City
    County:
    Berrien
    Area:
    Bridgman School
    School District:
    Bridgman
    Property Description
    Great Investment opportunity by owning a United States Postal System Building! Concrete block and brick construction gives you a lower insurance bill as well as reduced maintenance costs. USPS pays for all monthly utilities, lawn care, and snow removal; making this an extremely low owner involvement rental opportunity. Another Five year lease extension with rent increase starts in July of 2021 along with rent increase negotiations for the 5 year extension for 2026-3031.Don't Miss your opportunity to take ownership of the most steady income producer on the market with a CAP rate pf 6+%This building has a covered loading dock as well as new asphalt for the delivery area (2019). Additionally, a new Roof and Air Conditioner in 2017.Ready to start producing income upon closing! Call today! Agent is related to seller.
    Exterior Features

    Construction Type Block Driveway Asphalt Exterior Material Brick Finished Building Levels 1.00 Lot Dimensions 89 X 132.25 Number Of Buildings 1.00 Road Frontage 89.00 Roofing Rubber Street Type Public Total Parking Spaces 7 Water Access No Waterfront No

    Interior Features

    Air Conditioning Central Below Grade None Heat Source ElectricNatural Gas Heat Type Forced Air Interior Features Fire Sprinkler Sq Ft Total 2536.00 Tot Bldg Retail Sq Ft 2536.00

    Property Features

    Annual Maintenance 480.00 Annual Property Tax 2490.68 Association Southwestern Michigan Association Of Realtors Business Includes Real Estate Commercial Type Retail/Commercial Current Use Us Postal System Documents Req Conf Agreement LeasesSite Plan Gross Operating Inc 22448.67 Mineral Rights Yes New Construction No Ownership Llc Property Insurance 1084.00 Sale Conditions None Sewer Public Tax Year 2020 Tenant Pays Common Area MaintenaElectricGasJanitorialProp Taxes/AssessSewerTrashWater Terms Available CashConventionalTax Def Exchange Total Expenses 1564.00 Uses Distribution Util Avl At Street BroadbandCableElectricNatural GasPublic SewerPublic WaterStorm SewerTelephone Utilities Attached CableElectricNatural GasTelephone Water Public Zoning 201 Commercial

    Listing provided courtesy of Maria Jackson of Star Real Estate. © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-25T07:00:41.38.
     
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    JH Realty Partners
    545 Ada Drive
    Ada MI, 49301