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Contingent
672-680 MACKAY ST Pembroke, ON K8A 1G5
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Key Details
Property Type Other Types
Sub Type Apartment 5+ Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 1416987
Annual Tax Amount $5,348
Tax Year 2023
Property Sub-Type Apartment 5+ Units
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.
Location
Province ON
Rooms
Basement Full
Interior
Heating Natural Gas
Building
Story 2
Sewer Sewer Connected
Water Municipal
Structure Type Brick,Siding
Listed by ROYAL LEPAGE EDMONDS & ASSOCIATES