Report Listing

Home For Sale

Picture of Home For Sale in Spearfish, South Dakota, United States

$2,200,000

230 N Main St
Spearfish, South Dakota, United States

Listed By: Realtyww Info

Listed On: 08/08/2024

Listing ID: GL11684683 View More Details

Description

Call or Text Listing Agent - Kade Welfl - The Real Estate Center of Spearfish - for more information. This 31-unit apartment complex is located on Main Street in the heart of Spearfish, SD. The property includes 4 separate buildings that are situated on 4 city lots with a total land area of.64 acres and 8, 685 square feet of finished space. Current rental rates range from $625-$850/month with a gross monthly rental income potential of $22, 375 ($268, 500 annual) at 100% capacity. The owner pays for electricity, gas, city water and city sewer. This is one of the few pet-friendly complexes in Spearfish, which has created strong demand for the units. With the exception of the 824 square foot, 1 bed, 1 bath managers suite and office, 30 of the 31 units are studio apartments. There is a large laundry room generating additional income. With more than 1/2 acre of land and 200 feet of frontage on the main corridor through Spearfish, the value of this property will continue to appreciate overtime and the commercial uses will remain endless. Buyer is responsible for verifying all information on this MLS document.

For more details:

Listed by: Kade Welfl
Source: The World Property Journal

Advertisement

Other Properties Near Spearfish