6728 N Lumberjack Rd , Riverdale, MI 48877(Gratiot County)

0.01 Acres in Riverdale, MI - $52,000

Great investment opportunity. Well kept building with long term tenant. Retail building 100% occupied by the United States Postal Service. USPS has the property leased through July 31, 2016 ($9420/year) with a renewable 5 year lease ($10,380/year). The real estate includes the land and 1,000 sq ft brick building. Located in Riverdale MI 48877. Tenant pays all utilities and even the property taxes are refundable. Owner pays insurance and minimal maintenance. Expenses estimated at $794/year. Building has newer air conditioner, furnace, and septic system. Well water and septic on easement. Motivated seller. Showings must be during post office working hours. Notice required. No Land Contract. Cash or bank funded loan only. Agent related to seller.