5 Rogers Road,Perth, ON K7H 1N9
Perth, ON K7H 1N9
Description
On the banks of the Tay River, in the charming Town of Perth you will find this incredible multi-family investment opportunity. To say they dont make them like this anymore would be an understatement. Built in 1964 with brick and concrete block construction, this 23 unit low rise apartment building is as solid as they come. This desirable location is on 1.6 waterfront acres in the heart of Perth where shopping, groceries, restaurants and golf are all within walking distance. The building has been well maintained with recent upgrades including windows, generator, roof maintenance and electrical and fire retrofits. The building is made up of 22 2-bedroom apartments and one bachelor, boasting a healthy NOI of $256,636 despite the fact that most units have longer term tenants paying well below market rates. The oversized lot has plenty of green space where residents can enjoy the riverfront views and two ample parking lots with plenty of room for future expansion.
Details
| MLS# | X11891292 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Days On Site | 136 |
| Listing Provided By | ROYAL LEPAGE TEAM REALTY | X11891292 506805 |
Features
| SQ Feet | 25,000 |
|---|---|
| Acreage | 0.57 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lanark |
| City | Perth |
| Postal Code | K7H 1N9 |
| Area | 907 Perth |
| Listing VS Median (in K7H 1N9) | |
Price: $5,500,000 low | high Med: $5,500,000 SqFt: 25,000 low | high Med: 25,000 $ / SqFt: $220 low | high Med: $220 On site: 136 low | high Med: 136.000000 | |
