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10612

MLS® X13074908

Overview

Key Facts

Type 
Levels Residential Income
Size -
Garage Yes
Taxes $8,480
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13074908

Property Address: 222 Belmont Avenue, Pembroke, ON, K8A2C5

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity with this well maintained, fully brick purpose-built 6-plex in the desirable east end of Pembroke. This solid asset features a desirable unit mix of two 1-bedroom units on the main level and four spacious 2-bedroom units across the second and third floors, appealing to a wide range of tenants. All units offer bright, functional layouts and have been updated with modernized bathrooms, helping to attract and retain quality occupants. Each unit is separately metered for hydro, minimizing operating expenses and simplifying management. The building also includes a convenient coin-operated laundry setup, adding an additional income stream, along with ample on-site parking and private indoor storage areas for tenants-features that continue to support strong rental demand. Major capital improvements have been addressed, including a torch-on roof completed in 2019, providing peace of mind for years to come. Situated in a prime east end location close to amenities, schools, and transit, this property consistently appeals to long-term renters. Offering a strong 6.9% cap rate, this is a turnkey, income-generating property ideal for both seasoned investors looking to expand their portfolio and those seeking a reliable entry into multi-residential investing. (id:58753)Show Description
MLS® NumberX13074908
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementNone
DrivewayNo Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
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00/00/0000List Date
$XXX,XXXList Price

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