71 SECOND STREET E, Kirkland Lake, Ontario
$288,000
- 5 Beds
- 4 Baths
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. (id:50212)
- Listing ID: T12783780
- Property Type: Multi-family
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Listing provided by RE/MAX HALLMARK ARI ZADEGAN GROUP REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 71 SECOND STREET E in Kirkland Lake Ontario. It was last modified on February 12th, 2026. Contact The TanTeam to schedule a viewing or to discover other Kirkland Lake real estate for sale.