$995,000
Available - For Sale
Listing ID: X9522849
672-680 MACKAY St , Pembroke, K8A 1G5, Ontario
| 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. |
| Price | $995,000 |
| Taxes: | $5348.00 |
| Occupancy by: | Tenant |
| Address: | 672-680 MACKAY St , Pembroke, K8A 1G5, Ontario |
| Postal Code: | K8A 1G5 |
| Province/State: | Ontario |
| Legal Description: | PT LT 353 PL 91, PT 1, 49R5825 ; CITY OF |
| Lot Size: | 152.00 x 78.00 (Feet) |
| Directions/Cross Streets: | Located at the corner of Mackay Street and Bell Street |
| Category: | Apartment |
| Insurance Expense: | $3641 |
| Water Expense: | $6815 |
| Gross Income/Sales: | $97853 |
| Net Income Before Debt: | $68138 |
| Heat Type: | Radiant |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE EDMONDS & ASSOCIATES |
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Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Renfrew |
| Municipality: | Pembroke |
| Neighbourhood: | 530 - Pembroke |
| Lot Size: | 152.00 x 78.00(Feet) |
| Tax: | $5,348 |
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