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$449,000 · 8 Unit Building - Investment Property for Sale - Pembroke, Ontario

Investment Property - Income Multi Family

Appraised at $450,000

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Located Downtown Pembroke - High Rental Desirability

5 Apartments & 3 Commercial Units

Apartments Gross 3,900$/monthly Commercial Units (Vacant, needs Some renos) - 4,500$/monthly

5.9% cap rate without commercial rent. As-is 16.8% cap rate if commercial is rented

Annual Expense Taxes 7,100 Insurance 2,200 Water & Sewer 2,500 Management & Repair 3,500

2 commercial units need new flooring

*** Zoning allows to convert 50% of the ground floor into additional 4 apartments. ***

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Located Downtown Pembroke, Ontario.- 110 Pembroke St W, Pembroke

With a population over 120,000 Pembroke is a huge military city, with major retailers in town (Canadian Tires, Home depot, Walmart)

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Appraisal of 450,000 Environmental Report - CLEAN

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Asking Price:

449,000$ VTB Available

Elie Nassif C: 613.218.7734 E: info@wolfenburginc.com

Commercial Property for sale, multi family, multiplex, apartment building, ottawa, toronto, montreal, pembroke, investment property, triplex, fourplex,

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Ad Id30753772
CategoryComm. Property Sales
PostedOctober 12, 2017
Expiry November 11, 2017
Status NOT SOLD
Details New
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