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304 W Wood ST Urbana, IA 52345
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Key Details
Sold Price $60,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $75
MLS Listing ID 2208407
Sold Date 07/11/23
HOA Y/N No
Total Fin. Sqft 800
Year Built 1956
Property Sub-Type Special Purpose
Property Description
Have you ever wanted an investment property that requires LITTLE to NO WORK?! Look no further, and UNDER $100,000. Post Office's 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.
Location
State IA
County Benton
Area Ot-W (West Of I-380)
Zoning Comm
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air
Flooring See Remarks
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Public,Well
Roof Type See Remarks
Building
Water Public, Well
Others
Tax ID 20003800
Acceptable Financing Cash
Listing Terms Cash
Read Less
Bought with IOWA REALTY
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