9655 Maplewood Avenue, Bridgman, MI 49106 (MLS # 21004880)

Price $330,000
Status Active
Size 2,536 sqft
Lot Size 11,762 sqft
Days on Market 164
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.
Property Type(s): Commercial
Last Updated 3/26/2021 Tract Bridgman City
Year Built 1962 Community S01 - Bridgman School
County Berrien

SCHOOLS

School District Bridgman

Price History

Prior to Mar 17, '21 $399,900
Mar 17, '21 - Mar 26, '21 $375,000
Mar 26, '21 - Today $330,000

Additional Details

AIR Central
AIR CONDITIONING Yes
AREA S01 - Bridgman School
BASEMENT None
CONSTRUCTION Brick
HEAT Electric, Forced Air, Natural Gas
INTERIOR Fire Sprinkler
LOT 0.2700 acre(s)
LOT DIMENSIONS 89 x 132.25
PARKING 7
SEWER Public
STYLE Retail/Commercial
SUBDIVISION Bridgman City
TAXES 2490.68
UTILITIES Cable,Electric,Natural Gas,Telephone
WATER Public
ZONING 201 Commercial

Location

 

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Listing provided by Star Real Estate, Maria Jackson

Copyright 2021 MichRIC, LLC. All rights reserved.

Updated 7/30/21 1:15 PM PDT

Information Deemed Reliable But Not Guaranteed.

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