Hot Springs SD Multi Family for Sale

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Type:
Other
Sq.Ft.:
6,336
Status:
Active
Beds:
n/a
Lot size:
1.07 Acres
Year built:
1969
Baths:
MLS#:
82267

ADDITIONAL INFORMATION

Incredible opportunity in the Gateway to the Black Hills! This property offers 16 rental units and can be utilized as Airbnb/Vrbo, short/long term rentals or boutique hotel. All units come furnished. Kitchenettes in each studio apartment offer apartment size fridge, sinks, 2 burner cook top, lg microwave & portable over/airfyer. Unit one is a 1 bedroom, 1 full bath and has a complete kitchen & private deck. This unit can be used for onsite manager or rental. Additional income from coin laundry & 4 billboards! The front office can be rented & there is plenty of room on 1.072 acre lot for storage units. Close to downtown Hot Springs, shops, restaurants, the historic Evan Plunge , VA hospital and minutes from Custer state park & Mt. Rushmore. Come be apart of this thriving community!!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
170204
Subdivision:
No Subdivision

ADDITIONAL INFORMATION

INVESTMENT OPPORTUNITY. With this acquisition, you will be able to step into an existing income producing property located in the downtown Historic District of Hot Springs. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with 3 retail/office store front suites on the main level and an upper level with 3 vacation rental apartments. The building has recently undergone an update throughout offering modern amenities. The location of this property is within walking distance from many local restaurants, waterfall, river front walking path and many of the local attractions. North River Street is in its final phase of a street road reconstruction project. Main level office spaces fully occupied and have steady business and the vacation rental business books regularly and booking calendar will transfer to the new owner. (See VRBO -this platform provides excellent additional information on the amenities of these vacation rentals)

Type:
Triplex
Sq.Ft.:
2,798
Status:
Active
Beds:
n/a
Year built:
1920
Baths:
MLS#:
80613

ADDITIONAL INFORMATION

Take a look at this completely remodeled historic triplex, where sandstone charm meets modern convenience. This beautifully restored property offers three distinct units and is an exceptional opportunity for investors or those seeking a unique living arrangement. Enjoy peace of mind with updated electrical, plumbing, windows, doors, and a brand-new roof with upgraded high impact shingles. Each unit has tall windows providing abundant natural light, creating a warm and inviting ambiance. The first unit is on the main level and offers two bedrooms, a large living room, dedicated dining area, spacious kitchen with walk-in pantry, and enclosed porch. The second and third units are located upstairs and are both very comfortable, yet efficient, one-bedroom apartments. All units are metered separately, and on-site laundry facilities add to the convenience. Being located within walking distance to downtown Hot Springs increases the promise of high rental demand and excellent investment returns. Live in one unit and rent out the others or lease all three for maximum income potential. Don't miss this rare opportunity to own a piece of history with all the modern amenities!

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Andrea D. Conner, License 17600, Xome Inc., License 13405**, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Xome are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This data is believed to be correct, but we advise interested parties to confirm the data before relying on it in a purchase decision. Copyright 2024 Mount Rushmore Area Association of REALTORS® Inc. Multiple Listing Service. All rights reserved.
Andrea D. Conner, License 17600, Xome Inc., License 13405**, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2024 Black Hills Association of REALTORS®. All rights reserved.



Hot Springs Real Estate

The median home value in Hot Springs, SD is $285,600. This is higher than the county median home value of $228,300. The national median home value is $338,100. The average price of homes sold in Hot Springs, SD is $285,600. Approximately 55.96% of Hot Springs homes are owned, compared to 30.01% rented, while 14.03% are vacant. Hot Springs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hot Springs real estate agent to arrange a tour today!

Hot Springs, South Dakota has a population of 3,407. Hot Springs is less family-centric than the surrounding county with 9.06% of the households containing married families with children. The county average for households married with children is 13.6%.

The median household income in Hot Springs, South Dakota is $44,167. The median household income for the surrounding county is $51,007 compared to the national median of $69,021. The median age of people living in Hot Springs is 54.9 years.

Hot Springs Weather

The average high temperature in July is 89.8 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 17.8 inches per year, with 29.6 inches of snow per year.

Hot Springs Real Estate Market Conditions

  • Median sales price

    $285,600
    18.1% change since last quarter
  • # Active listings

    170
    30-day change

Hot Springs Schools and Demographics

Education near Hot Springs, SD

Metric City County
High School Graduates 91.02 93.43
College Degree - 2 year 13.73 12.85
College Degree - 4 year 20.29 22.12
Graduate Degree 6.34 5.53
Expenditures per Student 11,675 11,675
Students per Teacher 12.2 12.2

Elementary Schools near Hot Springs, SD

School Grades Students P/T Ratio ZIP
Edgemont Elementary - 03 PK - 08 111 9.2 57735
Elk Mountain Elementary - 01 PK - 08 3 1.8 57735
Hot Springs Elementary - 02 PK - 05 354 13 57747
Oelrichs Elementary - 02 KG - 06 48 6 57763

Middle Schools near Hot Springs, SD

School Grades Students P/T Ratio ZIP
Hot Springs Middle School - 06 06 - 08 192 13.8 57747
Oelrichs Junior High - 03 07 - 08 14 6.6 57763

High Schools near Hot Springs, SD

School Grades Students P/T Ratio ZIP
Edgemont High School - 01 09 - 12 45 7.7 57735
Elk Mountain Virtual HS - 03 09 - 12 3 4.6 57735
Hot Springs High School - 01 09 - 12 274 14.3 57747
Oelrichs High School - 01 09 - 12 49 6.7 57763

Demographics near Hot Springs, SD

Metric City County
Neighborhood Type Small Town
Population 3,407 6,979
Population Density 962 4
Median Age 54.9 54.3
People per Household 2 2.1
Median Household Income 44,167 51,007
Average Income per Capita 27,060 29,301