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672-680 Mackay Street Pembroke, Ontario K8A 1G5

Forced Air, Radiant Heat

$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:46679)

Property Details

MLS® Number 1402066
Property Type Multi-family
Neigbourhood Hospital / East End
Parking Space Total 6

Building

Exterior Finish Brick, Siding
Heating Fuel Natural Gas
Heating Type Forced Air, Radiant Heat
Stories Total 2
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 78 Ft
Size Frontage 152 Ft
Size Irregular 152 Ft X 78 Ft
Size Total Text 152 Ft X 78 Ft
Zoning Description Commercial Apartment

https://www.realtor.ca/real-estate/27155375/672-680-mackay-street-pembroke-hospital-east-end

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