ON > Perth
Perth, ON K7H 1N9,5 Rogers RD
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Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
Perth, ON K7H 1N9,5 Rogers RD
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 6,500,000
Est. payment /mo
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5 Rogers RD Perth, ON K7H 1N9

25,000 SqFt

UPDATED:

12/12/2024 11:19 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 25,000 sqft

Price per Sqft $260

MLS Listing ID X11891292

Annual Tax Amount $40,195

Tax Year 2023

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

Province ON

County Lanark

Community 907 - Perth

Area Lanark

Region 907 - Perth

City Region 907 - Perth

Interior

Cooling No

Exterior

Community Features Public Transit

Utilities Available Available

Listed by ROYAL LEPAGE TEAM REALTY
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5 Rogers RD