10201 100 Av Morinville, Alberta T8R 1P7

4,100 ft2

$457,000

Attention investors !Right on Main street in Morinville close to the Civic Center . This two story mixed commercial/ residential building with a potential for over a 8 cap rate and could easily be bumped up to double digit returns with adjustments of leases. Built in 1910 , this building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating. Main floor offers over 950 sq ft square feet of office retail, currently leased to a law firm. Bright open reception area with 2 offices in the back. The second floor offers a three bedroom unit with hardwood floors, and a one bedroom unit also updated, over 2000 sq ft in the apartment area . Combine this with 23 ft x 28 ft garage, with the potential to lease separately . Great revenue property to add to your portfolio! (id:61585)

Property Details

MLS® Number E4414006
Property Type Multi-family
Neigbourhood Morinville
Parking Space Total 4

Building

Constructed Date 1910
Size Interior 4,100 Ft2

Land

Acreage No
Size Irregular 4950
Size Total 4950 Sqft
Size Total Text 4950 Sqft

Contact Us

Contact us for more information

Generating Captcha

Tim A. Gartner
Associate

(780) 990-5263
(780) 457-5240
www.maxwellprogressive.com/agents/tim-gartner
twitter.com/GartnerTim
www.facebook.com/TimAGartner/
www.linkedin.com/in/tim-gartner-9a924423/

Maxwell Progressive
10630 124 St Nw
Edmonton, Alberta T5N 1S3

(780) 478-5478
(780) 457-5240

Your Favourites

 

No Favourites Found