780-918-0509 RE/MAX ELITE

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 2000 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. Great revenue property to add to your portfolio!

Contact Abe Othman About MLS® E4414006

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Abe Othman, 780-918-0509 at RE/MAX ELITE, 8104 - 160 Ave, Edmonton, Alberta, T5Z 3J8

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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