10201 100 Av,Morinville, AB T8R1P7
Morinville, AB T8R1P7
Description
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:13843)
Details
| MLS# | E4414006 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1910 |
| Days On Site | 157 |
| Listing Provided By | MaxWell Progressive | Tim Gartner |
Features
| SQ Feet | 4,100 |
|---|---|
| Acreage | 0.11 |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Morinville |
| Postal Code | T8R1P7 |
| Listing VS Median (in T8R1P7) | |
Price: $457,000 low | high Med: $573,500 SqFt: 4,100 low | high Med: 3,087 $ / SqFt: $111 low | high Med: $222 On site: 157 low | high Med: 92.500000 | |