672-680 MACKAY STREET
Pembroke, Ontario K8A1G5

$995,000

ID# 1416987
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:25961)

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General Inquiry
Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES
Listed on: October 17, 2024

On market: 35 days
Heating Type Forced air, Radiant heat
Heating Fuel Natural gas
Stories Total 2

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Deb Burgoyne

REALTOR®

Royal LePage Team Realty

1723 Carling Avenue

Ottawa K2A 1C8

Phone: 613.725.1171

Call Deb Today

613.725.1171

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