$800,000

76 & 74 Prospect Avenue, Kirkland Lake, ON

16

Beds

11

Baths

6,350

Square feet

Prime multi-residential investment property in Kirkland Lake, Ontario. This solid brick construction 11 unit building was built in the 1930's and is comprised of four 1 bed/1 bath, six 2 bed/1 bath and one bachelor units. Building is equipped with security camera system and locked front entrance. Excellent location in the town known for gold mining and solid employment growth. This building is sold as a package with 74 Prospect which is a vacant lot next door with 8 tenant parking spaces. Separately metered utilities. Recent renovations to unit #5 (2010), unit #6 (2016), new hallways carpets & paint (2016). Some windows replaced in 2016. Gross rents $7,583.33/month. Cap 5.95. Full list of financials available. Financials calculated over 12 months period. Square footage is approximate, buyer to do own due diligence.

Facts & Features

MLS® # 40147708
Price $800,000
Bedrooms 16
Bathrooms 11.00
Square Footage 6,350
Type Residential Income
Sub-Type Multi-10+Unit
Status Conditional

Community Information

Address 76 & 74 Prospect Avenue
Area Kirkland Lake
Subdivision Kirkland Lake
City Kirkland Lake
County Timiskaming
Province ON
Postal Code P2N 2W5

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features None
Heating Hot Water-Other
Cooling None
Fireplace No
# of Stories 2
Has Basement Yes

Exterior

Roof Asphalt Rolled
Construction Brick
Foundation Poured Concrete

Additional Information

Days on Market 85
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Signature Realty, Brokerage

Listing Map

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