672-680 MACKAY STREET, Pembroke

2024-07-10
 

Quick Summary

Location
672-680 MACKAY STREET, Pembroke, Ontario K8A1G5
Price
$1,075,000 CAD
Status:
For Sale
Property Type:
Multi-family

MLS®#1402066

Property Description

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:32467)

Property Features

Building

  • Exterior Finish: Brick, Siding
  • Fireplace: No
  • Stories: 2
  • Utility Water: Municipal water

Land

  • Land Size: 152 ft X 78 ft
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Zoning

  • Description: Commercial Apartment

Information entered by ROYAL LEPAGE EDMONDS & ASSOCIATES
Listing information last updated on: 2024-07-11 03:08:57


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