Property Description

A turnkey income-producing opportunity in Licking County featuring two tenants under one roof: a leased United States Postal Service location and a residential apartment.Post Office Lease: The front of the building is leased to the USPS, currently in year 1 of a 5-year term, with two additional 5-year renewal options at fixed rate increases, offering a government tenant with long-term income potential. This portion of the building features a large covered porch and a concrete parking area, and received a new side entry door in 2025.Residential Apartment: The rear of the building is a 2 bedroom, 1 bathroom apartment. The current tenant is a long-term occupant on a month-to-month lease with stated intentions to stay, offering an investor immediate income continuity along with flexibility for future rent adjustments. The unit includes a large rear yard, a detached garage, and a storage shed, and has recently been updated with a new mini-split HVAC system in 2024, a new water heater in 2022, and a new rear entry door in 2026. The residential tenant currently maintains the lawn and pays for trash.Property-Wide Updates & Details: All structures received new roofs and gutters in 2025, and the main structure was updated with new siding in 2026 and a new electric panel in 2022. The property is served by public water and sewer, with water billed as a single account, while electric and gas are metered separately; the owner is responsible for taxes, insurance, and landlord maintenance. The property offers easy access to I-70.This is an ideal addition for an investor seeking a diversified, dual-income asset with a stable government tenant and residential upside.

Property Features