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:43934)

Property Details

MLS® Number	X9522849
Property Type	Multi-family
Neigbourhood	Hospital / East End
Community Name	530 - Pembroke
ParkingSpaceTotal	6

Building

BasementType	Full
ExteriorFinish	Brick
HeatingFuel	Natural Gas
HeatingType	Radiant Heat
Type	Multi-family
UtilityWater	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
SizeDepth	78 Ft
SizeFrontage	152 Ft
SizeIrregular	Unit=152 X 78 Ft ; 0
SizeTotalText	Unit=152 X 78 Ft ; 0
ZoningDescription	Commercial Apartment

https://www.realtor.ca/real-estate/27552289/672-680-mackay-street-pembroke-530-pembroke-530-pembroke