Pembroke - 530 - Pembroke
Pembroke - 530 - Pembroke
Listed For $399,900
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Attention Investors!! Here lies a profitable investment opportunity; this duplex is cash flow positive with a 7% CAP RATE!!! This property is conveniently located in Pembroke. It is within walking distance of the Ottawa River, bus stops, and all other necessary amenities. Additionally, this duplex is only a 4-minute drive to Algonquin College. This is a fantastic opportunity that presents monthly cash flow! The property is currently tenanted with great tenants, Unit A (closest to the road) is a 3-bedroom/1.5-bath unit that is rented at $1,300 monthly (since 2020 - now on a month-to-month tenancy). Unit B (back unit) is a 2-bedroom/2-bath unit that is rented at $1,600 per month (since Nov 2022 - on a 1-year lease). All tenants pay their own heat and hydro. There are 2 separate hydro meters
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* Values are estimates only and not a guarantee of lending or affordability.