Listing Courtesy of: KADE WELFL - THE REAL ESTATE CENTER OF SPEARFISH
$2,200,000 affordable loan icon Calculate Payment

230 N MAIN Spearfish, SD 57783

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Other Residence
Beds
Baths
Sq. Ft.
0.2 Acre Lot

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Last updated on 11/13/2024 8:37 AM
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 gros...s 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 managerâ??s 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. Continue reading
MLS#
170022
Property Type
Other
Lot Size
0.2
Sewer
City Sewer

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Listing Courtesy of: KADE WELFL - THE REAL ESTATE CENTER OF SPEARFISH
Andrea D. Conner, License 17600, Xome Inc., License 13405**, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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This content last refreshed on 11/13/2024 8:37 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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