Property Details
672-680 MACKAY STREET, Pembroke, Ontario, K8A1G5
$995,000 - For sale
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:2471)
Location DescriptionLocated at the corner of Mackay Street and Bell Street
- Property Address:672-680 MACKAY STREET, Pembroke, Ontario, K8A1G5
- Property Type:Multi-family
- Community Name:530 - Pembroke
- Lot Size:Unit=152 x 78 FT ; 0
- Sewage Type:Sanitary sewer
- Water Type:Municipal water
- Parking Space Total:6
- Structure Style:Multi-Family
- Heating Type:Natural gas, Radiant heat
- Basement Type:Full
- Exterior Type:Brick
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- Map 672-680 MACKAY STREET, Pembroke, Ontario, K8A1G5
- Neighbourhood Information
672-680 MACKAY STREET, Pembroke, Ontario, K8A1G5
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