5 Rogers Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5 Rogers Rd
23 Unit Block of Flats £3,669,853 (£159,559/Unit) 3.95% Net Initial Yield Perth, ON K7H 1N9
Investment Highlights
- Excellent investment opportunity with long term tenants and a strong NOI
- Well maintained building with recent upgrades
- Ample tenant parking with room to expand
- Property adjacent to river and green space
- 22 two bedroom units, 1 studio unit
- Walking distance to golf courses, restaurants, grocery stores, retail, and more
Executive Summary
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 don't 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.
Property Facts
| Price | £3,669,853 | Apartment Style | Low Rise |
| Price Per Unit | £159,559 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.54 AC |
| Net Initial Yield | 3.95% | Building Size | 25,000 SF |
| No. Units | 23 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1964 |
| Property Subtype | Apartment |
| Price | £3,669,853 |
| Price Per Unit | £159,559 |
| Sale Type | Investment |
| Net Initial Yield | 3.95% |
| No. Units | 23 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.54 AC |
| Building Size | 25,000 SF |
| Number of Floors | 3 |
| Year Built | 1964 |
Walk Score®
Very Walkable (78)
zoning
| Zoning Code | R3 (Residential, multi-family) |
| R3 (Residential, multi-family) |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
5 Rogers Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.