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672-680 Mackay Street

Mackay StPembrokeON, K8A 1G4

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Beds
-
Baths
$995,000
List Price
672-680 Mackay Street, Pembroke, ON - 1 of 3
672-680 Mackay Street, Pembroke, ON - 2 of 3
672-680 Mackay Street, Pembroke, ON - 3 of 3
New
19 days on market

Quick Summary

  • Well-maintained investment property
  • Fully occupied with great income
  • Substantial upgrades and improvements
  • Impressive 6.3% cap rate
  • Competitive market with growth potential
  • Diverse unit mix to serve different tenants
  • Rare vacancies in high-demand market
  • In-depth investment analysis available

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... Show More

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:54626)

Property Details

Parking

6 Parking Spaces
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Lot

Size
1823′12″ * 936′0″
Acres
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Build

Year Built
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Model Name
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Basement
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Exterior
Brick, Siding
Foundation
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Builder Name
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Stories
2
Flooring
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Roof
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Heating & Cooling

Heating
Forced air, Radiant heat
Cooling
-

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
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Source

Listing Brokerage

MLS® Listing
1416987
Last Updated
October 17, 2024
Brokerage
ROYAL LEPAGE EDMONDS & ASSOCIATES
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