103 Erin Avenue, Melrose, IA 52569 for Sale MLS# 20169398 | Real Estate & Homes For Sale
SOLD
$ 60,000
Date 05/18/2018

103 Erin Avenue

Melrose, IA 52569
General Commercial
Residence
2
Baths
0.4
Acre Lot
1of
Map
Photos
Courtesy: Nathan Ammons - Hawkeye Farm Mgmt & Real Estat
Melrose, Iowa Post Office and residential property offers excellent cash-flow with modest investment. 15% net return on list price! This one-story, pole building is metal clad with metal roof; attractively landscaped; offers separate parking for post office on the east and apartment on west; covered mail delivery and small loading dock. Postal area includes lobby & large office/mail processing & receiving room, mail box room, bath and small storage room. Three-bedroom apartment on west includes kitchen, living, full bath and laundry room. A front and side deck provide dual entries for the apartment. 24-hour notice is required for showing; post office only available to show about 10 am. Post Office earns $7200/ year; apartment earns $6000/year and both are stable tenants. A small center business space was formally used as salon, is not currently leased, but could provide modest additional income. 15% net return on list price without income from this space!
20169398
General Commercial, Other
Monroe
2
1984
0.4 Acres
Rural
Septic
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

People
Zip
City
County
National
572
110
7,973
321,418,820
6
120
19
89
2.1
2.1
2.4
2.6
54.8
48.5
42.8
37.4
$36,053
$36,250
$47,297
$53,482
$22,876
$21,280
$23,983
$28,555
 
Economy
Zip
City
County
National
4.50 %
4.50 %
4.50 %
5.20 %
1.00 %
1.00 %
1.00 %
1.60 %
37.60 %
37.60 %
37.60 %
38.00 %
7.00 %
7.00 %
7.00 %
6.00 %
7.93 %
7.92 %
7.93 %
4.60 %
88
82
88
100
 
Environment
Zip
City
County
National
924
920
889
1443
38.4
38.4
38.2
39.2
23.2
23.2
26.8
25.8
11.3
11.3
12.6
22.6
85.1
85.1
84.8
86.1
105
99
104
102
202
202
202
205
29
29
32
54
Source: Sperling's Best Places
Courtesy: Nathan Ammons - Hawkeye Farm Mgmt & Real Estat
Albert Wright Page, License 20130537, Xome Inc., License 20130537, AlbertW.Page@Xome.com, 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of the Southeast Iowa Regional Board of Realtors. Real estate listings held by brokers other than Xome Inc. are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. This information is deemed reliable but not guaranteed, and is provided from an authorized source. Copyright 2017 Southeast Iowa Regional Board of Realtors. All Rights Reserved
This content last refreshed on 6/20/2018 8:17 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.