672-680 MACKAY Street, Pembroke | Image 1

672-680 MACKAY Street

Pembroke, 530 - Pembroke

  • Commercial

$995,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Commercial Apart

  • Age: No Data

  • Taxes: 5348

  • MLS®#: X9522849

  • Days on Site: 32 Days

  • Added: Oct 16, 2024 (1 month ago)

  • Updated:

  • Last Checked: 9 hours ago

  • Listed By: ROYAL LEPAGE EDMONDS & ASSOCIATES

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 68138

  • Area: Pembroke

  • Community: 530 - Pembroke

  • Availability Date: TBD

Building

  • Heat Type: Radiant

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 353 PL 91, PT 1, 49R5825 ; CITY OF PEMBROKE

  • Taxes: $5,348

  • Insurance Fee: 3641

  • Water Fees: 6815

Land

  • Cross Street: Located at the corne

  • Municipality District: Pembroke

  • Parcel Number: 571630144

  • Sewer: Sewers

  • Lot Depth: 78 Feet

  • Lot Frontage: 152 Feet

  • Zoning: Commercial Apart

Commercial Specific

  • Gross Income/Sales: 97853

Map of 672-680 MACKAY Street, Pembroke
7-8

École intermédiaire L'Équinoxe

Elementary: Public
1.33 km
7-8

Bishop Smith Separate School

Elementary: Catholic
0.71 km
JK-8

Cathedral Catholic School

Elementary: Catholic
1.01 km
JK-6

École élémentaire publique L'Équinoxe

Elementary: Public
1.33 km
JK-8

Highview Public School

Elementary: Public
0.90 km
JK-8

Champlain Discovery Public School

Elementary: Public
0.72 km
9-12

École secondaire publique L'Équinoxe

Secondary: Public
1.40 km
9-12

Renfrew County Adult Day School

Secondary: Public
1.46 km
9-12

École secondaire catholique Jeanne-Lajoie

Secondary: Catholic
3.89 km
9-12

Valour JK to 12 School - Secondary School

Secondary: Public
14.47 km
9-12

Bishop Smith Catholic High School

Secondary: Catholic
0.42 km
9-12

Fellowes High School

Secondary: Public
1.19 km
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