Price: $206,918
1,920 SQFT INTERIOR
Annual Rent: $20,371 thru 10/2020
5 Year Option: $22,408 thru 10/2025
Addendums: Landlord Maintenance Rider
Hours Open: M-F 8:00am to 5:00pm, Closed Saturday
Notes:
Nearest Post Office is 30 miles away
Population is 2,500
Located on an Indian Reservation, no taxes.
New AC and Furnace in 2015
CAP RATE:
$1,400 Bureau of Indian Affairs Land Fee
$1,920 Maintenance Reserves
$464 Insurance
Cap Rate = 8%
This building is probably one of the most secure post offices we own as the nearest post office is THIRTY MILES AWAY and has a population of over 2500 residents. This is open FULL TIME. This building has been well maintained.
THIS MUST BE A CASH SALE, NO BANK FINANCING, AS TITLE INSURANCE CAN’T BE TAKEN OUT ON A BUILDING WHERE THE LAND IS ON AN INDIAN RESERVATION AND BANKS WILL REQUIRE TITLE INSURANCE.
Seller is willing to finance with $70,000 down for 10 years at 8.5% interest.
Serious inquiries only:
The Levin Group, L.L.C
Gerald A. Levin
Co-Manager
galevin@hotmail.com or 317-441-3231 (Email or text first)
DISCLOSURE: All information has been provided by the seller. American Postal Owners is not responsible for any claims.
