Kirkland Lake - KL & Area
Kirkland Lake - KL & Area
Sold For$195,000
Listed For $248,000
Sold 1 month ago
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, $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 av
* Values are estimates only and not a guarantee of lending or affordability.
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