513-517 Michael Drive, Unit 513
513-517 Michael Drive, Unit 513
$289,500
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Description
This brick and vinyl commercial building is highly visible from a signaled intersection on busy west Rt.6 in Morris. This property has been owned by the seller for 31 years. It is fully depreciated so it is time for the next investor to add it to their portfolio. This attractive building has two commercial units on the first floor leased by a beauty salon and a construction company. The entire second floor is a two bedroom apartment, in very good condition, with a deck that overlooks green space....This brick and vinyl commercial building is highly visible from a signaled intersection on busy west Rt.6 in Morris. This property has been owned by the seller for 31 years. It is fully depreciated so it is time for the next investor to add it to their portfolio. This attractive building has two commercial units on the first floor leased by a beauty salon and a construction company. The entire second floor is a two bedroom apartment, in very good condition, with a deck that overlooks green space. The appliances in the apartment are included in the sale. The parking lot is striped for 8 spaces. This building has been well maintained and features newer vinyl windows, a high efficiency boiler that is 6 years old, a water heater installed March 2023, and many other recent improvements. Apartment tenant and beauty shop tenant have leases in place. This is your chance to own a three unit income producing property in a great location in Morris!
- Listed by Shawn Hornsby • Century 21 Coleman-Hornsby
Property Details for 513-517 Michael Drive, Unit 513
Area
Morris
TownshipSaratoga
ZoningCOMMR
Location
LISTING UPDATED: 04/25/2024 12:07 AM
Property Details for 513-517 Michael Drive, Unit 513
Status | Active |
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MLS # | 11875775 |
Days on Market | 240 |
Taxes | $4,188 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1966 |
Lot Size | 0.13 AC / 5,478 SF |
County | Grundy County |
Location
Building Information for 513-517 Michael Drive, Unit 513
Stories-Residences3Year Built1966Lot Size0.13 AC / 5,478 SF
Payment Calculator
$1,929 per month
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Property Information for 513-517 Michael Drive, Unit 513
Property History for 513-517 Michael Drive, Unit 513
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 513-517 Michael Drive, Unit 513
This home is within Saratoga Central Consolidated School District 60c.
Rating | School | Type | Grades | Distance |
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Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
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Saratoga Elementary School PublicPK to 8 | ||
Morris Community High School Public9 to 12 | ||
Immaculate Conception School PrivatePK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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