4 monthly residential rentals on second floor. Two 2 bedroom apts., and two one bedroom apts. 2 BR apt. lease ends on July 31, 2022. The other 2 BR apt. lease ends June 1, 2022. 1 BR apt. lease ends on May 1, 2022. The other 1 BR lease ends on Feb 1, 2022. There is a commercial tenant on the first floor. That lease end June 1, 2024. There is ample space to add 3 additional apts. on the first floor (in addition to the commercial renter). The highest and best use in my opinion is to lease the building as nightly rentals. All existing apartments have kitchens, which brings a premium during the Rally. On the first floor it is possible to convert on of the nightly rentals into an apt. with 3 bedrooms and add a kitchen. All 2 or 3 additional apts. on the first floor would have lockable access to the 3 BR with kitchen for a larger group that wants to share a kitchen yet have separate sleeping areas. The building is well-constructed an in good shape.
106 South Chicago
Hot Springs, SD 57747