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$4,500,000
Available - For Sale
Listing ID: X12413292
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 $217,968 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.
Price $4,500,000
Taxes: $43,488
Tax Type: Annual
Occupancy by: Tenant
Address: 5 Rogers Road , Perth, K7H 1N9, Lanark
Postal Code: K7H 1N9
Province/State: Lanark
Legal Description: PT LT 15 VILLAGE OF CAROLINA, 16 VILLAGE
Directions/Cross Streets: Rogers Road & Peter Street
No. of Pieces Level
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Washroom 55 0
Category: Apartment
Building Percentage: T
Total Area: 1.69
Total Area Code:  Acres
Area Influences: Public Transit   Recreation/Comm
Maintenance: 0
Heat Type: Other
Central Air Conditioning: Partial
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Income Required $ $ $ $

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ROYAL LEPAGE TEAM REALTY

5 Rogers Road , Perth, K7H 1N9, Lanark

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Maria Tompson
Sales Representative
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At a Glance:
Type: Com - Investment
Area: Lanark
Municipality: Perth
Neighbourhood: 907 - Perth
Style:
Lot Size: x 250.00(Feet)
Approximate Age:
Tax: $43,488
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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