Courtesy Of Glen Good Of RE/MAX Real Estate.
Investor Alert! Here is a great investment opportunity in downtown Morinville. Building with four rental units, all units are 3 bedroom - 2 bathroom units with fully partially finished basements. Updates included newer windows, newer shingles, new kitchens in two units, one unit freshly undated with flooring, paint, kitchen, baseboards, trim and lighting. This updated unit can be easily viewed by appointment. The building is approx. 5075 square feet and each 3 bedroom unit has approx. 1268 sq feet of living space. The lot is 11,874 square feet with driveway parking, two units with fenced yards. Close to shopping, schools and churches. With all 4 units rented, gross income approx. $60k per year with a cap rate of 6.35%
Listing information last updated on July 3rd, 2020 at 7:46am MDT.