10
See all 10 photos
$5,500,000
Est. payment /mo
25,000 SqFt
Active
5 Rogers RD Perth, ON K7H 1N9
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $220
Subdivision 907 - Perth
MLS Listing ID X11891292
Annual Tax Amount $40,195
Tax Year 2023
Property Sub-Type Investment
Property 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.
Location
State ON
County Lanark
Community 907 - Perth
Area Lanark
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 294.3
Lot Depth 250.0
Listed by ROYAL LEPAGE TEAM REALTY