Fully occupied (rented) Fourplex in Kirkland offering immediate, Strong Cash Flow and long term upside. This solid income producing property generates $3,800 per month in rental income with approximately $1,100 per month in operating expenses, delivering an impressive 11.25% CAP rate at just $288,000. A rare opportunity to acquire a high yielding asset at an affordable price point.The building is fully occupied with stable long term tenants paying $1,200, $1,100, $1,000, and $500 monthly. Significant value add potential exists through gradual rent optimization over time, allowing an investor to further increase returns. MPAC assessed at $334,000, offering built in equity from day one.Upper units are equipped with space heaters, the main floor features forced air heating. Metered water averages $170 per month, heat averages $250 per month, and hydro averages $250 per month, keeping overall expenses efficient and predictable.This is true turnkey investing with immediate income, strong cash on cash return, and clear growth potential. Whether you are expanding your portfolio or entering the market with a high performing asset, this fourplex checks every box for a smart, strategic investment.
Details
T12783780
0
$288,000
Tenant
None
4 + 4
2-Storey
5
4
2000-2500 Sqft
N/A N/A
51-99
Fourplex
Sale
Additional details
Forced Air / Gas
R
$1737.92
2025
PCL 4233 SEC CST; LT 77 PL M46TIM TECK SRO; AS IN LT59928; KIRKLAND LAKE ; DISTRICT OF TIMISKAMING
N/A
N
Crawl Space
None
Municipal
Schools Nearby
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FAQ
What is the total square footage of the T12783780 - 71 Second Street E, Kirkland Lake, ON P2N 1R6?
The total square footage of this property is 2000-2500 SqFt.
What schools near to T12783780 - 71 Second Street E, Kirkland Lake, ON P2N 1R6?