Positive Cashflow Investment for sale !
10+ BR, 10+ BA
70 Grierson Rd, Kirkland Lake, ON
Located two mins away from the town of Kirkland Lake, it is a rare opportunity to invest in this one acre property. This listing includes 2 pieces of properties, consists of two storey apartment with ten residential units and a piece of developable land. The Grierson property is sold as a multi unit apartment with tenancy agreements that generate 17% rental income annually. Roof has been newly replaced and some units were just up-to-date. The McCamus property is sold as a piece of vacant land which is zoned as R2 and is ready for land development. In the short-term, the Grierson property generates positive cashflow for the investors. In the long-term, the McCamus property can be used as a long hold or for development use. A great real estate portfolio that generates both short-term and long-term income. For any interested builders, developers, investors who is seeking for positive cashflow investment package, this is the one! This package comes with property with positive cashflow and development opportunity. This is a Owner’s listing. We welcome potential Buyers or Realtors to inquiry.
For sale by:
June 21 on For Sale By Owner Inc.