672-680 Mackay Street Pembroke, Ontario K8A 1G5
$995,000
Calling all Investors! Well kept investment property across the road from the Pembroke General Hospital, in the sought after east end Pembroke. Fully occupied and generating great income. These well maintained buildings, both have had substantial upgrades and improvements including new roofs, new furnaces, new coin operated laundry machines, and all apartments have had major renovations in the past several years including new flooring, new kitchens, new bathrooms, new plumbing and more. The property has an impressive 6.3 percent cap rate in an already competitive market with additional room to grow upon tenant turnover and improved rental income. The unit mix includes (1 x 3 Bed Apartment, 3 x 1 Bed Apartments and 2 x 2 Bed Apartments) giving landlords an opportunity to serve the needs of several different tenant profiles including those that need accessibility. Vacancies are a rarity in this market and units are in high demand. In depth investment analysis available upon request. (id:50886)
Property Details
| MLS® Number | 1416987 |
| Property Type | Multi-family |
| Neigbourhood | Hospital / East End |
| ParkingSpaceTotal | 6 |
Building
| ExteriorFinish | Brick, Siding |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air, Radiant Heat |
| StoriesTotal | 2 |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 78 Ft |
| SizeFrontage | 152 Ft |
| SizeIrregular | 152 Ft X 78 Ft |
| SizeTotalText | 152 Ft X 78 Ft |
| ZoningDescription | Commercial Apartment |
https://www.realtor.ca/real-estate/27552289/672-680-mackay-street-pembroke-hospital-east-end
Interested?
Contact us for more information
Evan A. Davies
Salesperson
270 Lake Street
Pembroke, Ontario K8A 7Y9
Tony Davies
Salesperson
270 Lake Street
Pembroke, Ontario K8A 7Y9
Taylor Souliere
Salesperson
270 Lake Street
Pembroke, Ontario K8A 7Y9
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October 17 2024 09:09:08
Renfrew County Real Estate Board
Royal LePage Edmonds & Associates