672-680 MACKAY STREET

Pembroke, Ontario, K8A1G5, Canada

$995,000

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.

Last updated on : Thursday 17th of October 2024 05:09:08 PM

ADDRESS

Street : 672-680 MACKAY STREET

City : Pembroke

Province : Ontario

Country : Canada

Postal Code : K8A1G5

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PROPERTY SUMMARY

Property ID : 1416987

Property Type : Multi-family

Parking : 6

Maintenance Management Company: Syner Capital -

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