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304 W Wood Street

Urbana, IA 52345
  • $75,000
  • STATUS: Active
  • ON SITE: 192 Days
  • MLS #: 2208407
UPDATED: 56 min ago
$75,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 800
    SQFT
  • $94
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1956
County:

School Ratings & Info

Description

Have you ever wanted an investment property that requires LITTLE to NO WORK?! Look no further, and UNDER $100,000. Post Offices are hard to come by. Once you own 1, you want them all! The Urbana Post office building is FOR SALE with a signed lease stillto remain for 6 years! 6 YEARS OF PROMISED INCOME. The US Postal Service does 3, 5 year leasing contracts. Direct deposited to YOU every month. Remaining year of 2nd 5 year contract is $5,500 income a year. Remaining 5 years of the 15 year lease is $6,050 a year! The US Postal Service is responsible for all utilities including snow removal and lawn care. Owner of the building pays for any upgrades / fixes needed WITHIN the structure. NOT any postal equipment. Current owner has JUST painted, new flooring, resealed roof, and new ceiling light. Owner only pays for building, taxes, and insurance.

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© 2023 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2023-03-21T11:42:33.703.
www.cedarrapidsareahomes.com/homes/132952524
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304 W Wood Street Urbana, IA 52345

  • Price: $75,000
  • Status: Active
  • On Site: 192 Days
  • Updated: 56 min ago
  • MLS #: 2208407
0
Beds
0
Baths
0
½ Baths
N/A
Acres
800
SQFT
$94
$/SQFT
1956
Built
Neighborhood:
OT-W (West Of I-380)
County:
Benton
Area:
OT-W (West Of I-380)
Property Description
Have you ever wanted an investment property that requires LITTLE to NO WORK?! Look no further, and UNDER $100,000. Post Offices are hard to come by. Once you own 1, you want them all! The Urbana Post office building is FOR SALE with a signed lease stillto remain for 6 years! 6 YEARS OF PROMISED INCOME. The US Postal Service does 3, 5 year leasing contracts. Direct deposited to YOU every month. Remaining year of 2nd 5 year contract is $5,500 income a year. Remaining 5 years of the 15 year lease is $6,050 a year! The US Postal Service is responsible for all utilities including snow removal and lawn care. Owner of the building pays for any upgrades / fixes needed WITHIN the structure. NOT any postal equipment. Current owner has JUST painted, new flooring, resealed roof, and new ceiling light. Owner only pays for building, taxes, and insurance.
Exterior Features

Parking Features Off Street Roof See Remarks

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring See Remarks Heating Central Heating YN Yes

Property Features

Lease Considered YN No Property Sub Type Special Purpose Tax Annual Amount 0 Tenant Pays ElectricityHeatJanitorial ServiceTrash CollectionWater Utilities Electricity AvailableNatural Gas Available Water Source PublicWell Zoning Description Comm

Listing information © 2023 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Olivia's Real Estate Team of Iowa Realty: 319-393-4900.
© 2023 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2023-03-21T11:42:33.703.
 
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