672-680 Mackay Street Pembroke, Ontario K8A 1G5

$1,075,000

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	1402066
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/27155375/672-680-mackay-street-pembroke-hospital-east-end