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 $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.
Overview
Property ID:
X12413292
Type:
Investment
Square:
2 m²
Price:
$4,500,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Acres
Cooling:
Partial
Heating:
Other
ParkingFeatures:
None
YearBuilt:
Unknown
TaxAnnualAmount:
43488
PossessionDetails:
TBD
Map
-
AddressPerth
Contact Agency
Write A Review
0 Reviews
0 out of 5
Featured properties
The Most Recent Estate
Selling
Investment
9 days ago
$2,900,000
Prince Edward County, Picton
Selling
Investment
9 days ago
$4,390,000
Toronto C08, Church-Yonge Corridor
Selling
Investment
9 days ago
$1,750,000
Glebe - Ottawa East and Area, 4401 - Glebe
Selling