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Key Details
Sold Price $48,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $96
Subdivision Johns Rogers East Add
MLS Listing ID 1007541
Sold Date 05/25/21
Year Built 1967
Annual Tax Amount $834
Tax Year 2019
Lot Size 4,356 Sqft
Lot Dimensions 82x66
Property Description
Investment! Investment! Investment! Are you looking for an affordable investment property with low maintenance? This property is what you're looking for. It has been home to a US Post Office for 53 years and offers an amazing return. The USPS is currently leasing until 7/1/2025 and has the option to renew for another 5 years thereafter. With this property you will not have worries with finding tenants or income for at least the next 10 years. That's huge! Updates that have been done: Roof 2010, toilet 2017, furnace 2016, gutters/down spouts/guards 2018/2019. What's really awesome is that the lease provides the owner with $6,600.00 a year the first 5 years and $7,500.00 annually the next 5 years, if renewed. USPS takes care of lawn care, snow removal, trash and utilities. Very affordable and low maintenance. An investors dream. The current owner has enjoyed this property for 16 years and is ready for a new investor to enjoy it.
Location
State OH
County Auglaize
Area 802 Wapakoneta
Zoning Commercial
Rooms
Basement Full
Interior
Heating Forced Air, Propane
Cooling Wall Unit(s)
Exterior
Exterior Feature Vinyl Siding
Utilities Available Propane
Building
Sewer Aeration
Water Well
Others
Financing Cash,Conventional
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Bought with Gray Realty, LLC
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