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. (id:4069)
Address
5 ROGERS ROAD
List Price
$6,500,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Perth
Floor Area
25,000 Sq. Ft.
Lot Size
Bldg=294.3 x 250 FT Sq. Ft.
MLS® Number
X11891292
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Postal Code
K7H1N9
Zoning
R3
Site Influences
Public Transit
