This fantastic, historic property was home to a family doctor in its early days, and in 1920, the second story was added as an expansion to the space. Located with incredible views overlooking part of downtown Hot Springs, this property is always in demand and the vacancies are typically filled quickly. Driving up to the property, you will immediately see the old-world charm that makes it such a fun property to own. There are nine 1-bed 1-bath apartments and three 2-bed 1 bath apartments. There is also a garage and then a couple of carports that bring in additional income. There is a laundry room on-site with seller-owned coin-op machines. Some of the area adjacent to this laundry room used to be what looks like a wood or tinker shop. This could be leased out as well with some creativity...or perhaps create an additional apartment space for lease! 7.5 cap! Listed by Randy Olivier, REMAX Advantage, 605-430-6246 & Trevor Johnson, The Real Estate Group, 605-431-2032.
106 South Chicago
Hot Springs, SD 57747