106 South Chicago Hot Springs SD 57747

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Property Information
Price $2,150,000.00

MLS
#73829
Price
$2,150,000.00
Type
Site Built
Style
Ranch
Area
Spearfish
Subdivision
Original Town
Bedrooms
1
Full & 3/4 Baths
1
Half Baths
0
Basement
No
Garage
None
A/C
No
Fireplace
No
Main Floor Laundry
Yes
School District
Spearfish
Number of Acres
0.64
Lot Size
0.64
Sq ft
0 - 999
Year Built
1955

230 N Main Street, Spearfish

Call or Text Listing Agent - Kade Welfl - The Real Estate Center of Spearfish - 605-210-0010 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 manager’s suite and office, 30 of the 31 units are studio apartments. There is a large laundry room and swimming pool on-site that are not currently being utilized. 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 over time and the commercial uses will remain endless. Buyer is responsible for verifying all information on this MLS document.

Contact Heartland Real Estate for more information at 605-745-6772
Listing Office: The Real Estate Center Of Spearfish, Phone: 605-642-2525
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Address

106 South Chicago
Hot Springs, SD 57747

Phone

605-745-6772

Toll Free

877-208-6706