fenced backyard with a shed Features: outdoor structure, fence, lawn More Photos

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    For Sale - 71 Second Street, Kirkland Lake, Ontario

    Est payment $1,191/mo
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    Views   2
    Time on Jump  48 day

    AI Summary *

    • Fully occupied fourplex generating $3,800 in monthly rental income.
    • Stable long-term tenants providing consistent cash flow.
    • Impressive over 13% CAP rate with significant value add potential.
    • Efficient operating expenses with predictable utility costs.
    • Great opportunity for both new and seasoned investors.




    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 over 13% cap rate at just $248,000. 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, $1,100,000, 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, 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.
    Listing IDT12783780
    Address71 Second Street
    CityKirkland Lake, Ontario
    Price$248,000
    Bed / Bath5 / 4 Full
    Style2-Storey, Fourplex
    ConstructionStucco (Plaster),Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet FreeOwnership FreeholdWaterfront NoneBasement Crawl SpaceFoundation Wood, PiersHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  RE/MAX HALLMARK ARI ZADEGAN GROUP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    71 Second Street
    Kirkland Lake , Ontario
    5 4 $248,000
    Get more info