Multi-Family Residential Building for Sale

Courtesy of Tim Gartner of MaxWell Progressive

Property For Sale In Morinville, Sturgeon

 Multi-Family Residential Building for Sale, MLS® # E4414006

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!

Contact Elisse Moreno About MLS® E4414006

Required Field

Elisse Moreno, 1.587.400.SOLD (7653) at Elisse Moreno (REALTORS® with RE/MAX Real Estate), Suite 200, 10835 – 124th Street NW, Edmonton, Alberta, T5M 0H4

property information

  • Property Type: Multi-Family, Retail
  • MLS®#: E4414006
  • Year Built: 1910
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Community Information

  • Neighbourhood: Morinville
  • City: Sturgeon
  • Postal Code: T8R 1P7
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$457,000

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