1950 Pine Bluff Road

    Morris, IL 60450
    • $295,000
    • STATUS: Active
    • ON SITE: 65 days
    • MLS #: 10488909
    UPDATED: 61 min ago
    $295,000
    • 12
      BEDS
    • 0.47
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Information

    Elementary School:
    Middle School:

    Description

    This property features four rental units consisting a side-by-side ranch duplex and a side-by-side two story duplex. This has been a very good property for the current owner who has owned it for over 40 years and says it is time to sell. Each of the four units are 3 bedroom and 1 bathroom. Current rents are far below market rent for these units (as an example 2BR apartments in Morris rent for $825). All tenants are on month-to-month leases. The tenants in the ranch duplexes have lived in them for around 20 years. Vinyl exterior on the ranch duplex building and brick and vinyl exterior on the 2 story duplex building. Priced at under $75,000/unit this property affords the new owner the opportunity to acquire four rental units with positive cash flow at market rents. This property can be entered from either Pine Bluff Rd or Old Pine Bluff Rd. A minimum of 24 hour notice is needed to see this property because of notice needed for the tenants.

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    © 2019 Midwest Real Estate Data LLC. 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 MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2019-10-21T23:50:40.083 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.centralilhomefinder.com/homes/98068162

    1950 Pine Bluff Road Morris, IL 60450

    • Price: $295,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 10488909
    12
    Beds
    4
    Baths
    0
    ½ Baths
    0.47
    Acres
    1964
    Built
    Neighborhood:
    Morris
    County:
    Grundy
    Area:
    Morris
    Elementary School:
    Morris Grade School
    Middle School:
    Morris Grade School
    High School:
    Morris Community High School
    Property Description
    This property features four rental units consisting a side-by-side ranch duplex and a side-by-side two story duplex. This has been a very good property for the current owner who has owned it for over 40 years and says it is time to sell. Each of the four units are 3 bedroom and 1 bathroom. Current rents are far below market rent for these units (as an example 2BR apartments in Morris rent for $825). All tenants are on month-to-month leases. The tenants in the ranch duplexes have lived in them for around 20 years. Vinyl exterior on the ranch duplex building and brick and vinyl exterior on the 2 story duplex building. Priced at under $75,000/unit this property affords the new owner the opportunity to acquire four rental units with positive cash flow at market rents. This property can be entered from either Pine Bluff Rd or Old Pine Bluff Rd. A minimum of 24 hour notice is needed to see this property because of notice needed for the tenants.
    Exterior Features

    Cars 10 Exterior Building Type Vinyl SidingBrick Exterior Property Features Patio Floor Unit1 1 Floor Unit2 1 Floor Unit3 1 Floor Unit4 1 Foundation BlockConcrete Lot Dimensions 139X93X91X70X14X134X80 Lot Size .25-.49 Acre Parking Space/S Parking Details Off Street Parking On Site Yes Parking Ownership Owned Parking Spaces 10 Roof Type Asphalt/Glass (Shingles) Type Multi Duplex Side By Side Waterfront YN No

    Interior Features

    Appliances Features Unit1 None Appliances Features Unit2 None Appliances Features Unit3 None Appliances Features Unit4 None Basement None Basement Bathrooms YN No Basement Description Crawl Bedrooms Above Grade 12 Bedrooms Below Grade 0 Bedrooms Unit1 3 Bedrooms Unit2 3 Bedrooms Unit3 3 Bedrooms Unit4 3 Full Baths In Building 4 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths In Building 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Fuel Electric Rooms 24 Rooms Unit1 6 Rooms Unit2 6 Rooms Unit3 6 Rooms Unit4 6

    Property Features

    3 Br Un In Bldg YN Yes Additional Sales Information None Age 51-60 Years Agent Owned Interest YN No Built Before1978 YN Yes Corporate Limits Unincorporated Elementary Sch Dist 54 General Information School Bus Service High Sch Dist 101 Holds Earnest Money Yes Jr High Middle Dist 54 Lease Exp Date Mo Yr Unit1 Mtm Lease Exp Date Mo Yr Unit2 Mtm Lease Exp Date Mo Yr Unit3 Mtm Lease Exp Date Mo Yr Unit4 Mtm New Construction No Ownership Fee Simple Possession Tenant's Rights Recent Rehab YN No Rent Unit1 550 Rent Unit2 550 Rent Unit3 600 Rent Unit4 600 Sale Terms Conventional Sec Deposit Unit1 550 Sec Deposit Unit2 550 Sec Deposit Unit3 600 Sec Deposit Unit4 600 Sewer Septic-Private Special Assessments No Special Service Area N Tax Exemptions None Tax Year 2018 Taxes 6944.08 Tenant Pays Unit1 ElectricHeatScavenger Tenant Pays Unit2 ElectricHeatScavenger Tenant Pays Unit3 ElectricHeatScavenger Tenant Pays Unit4 ElectricHeatScavenger Total Units In Building 4 Township Wauponsee Water Well-Private Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Century 21 Coleman-Hornsby.


    © 2019 Midwest Real Estate Data LLC. 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 MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2019-10-21T23:50:40.083 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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