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230 N Main Street

Spearfish, SD 57783
  • $2,150,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 73830
UPDATED: 73 min ago
$2,150,000
  • 0
    BEDS
  • 0.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
Area:

School Ratings & Info

School District:

Description

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 managers 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.

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© 2022 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. 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 Keller Williams Realty Black Hills 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. Data last updated: 2022-09-28T23:44:46.723.
www.buyandsellblackhills.com/homes/133148329
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230 N Main Street Spearfish, SD 57783

  • Price: $2,150,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 73 min ago
  • MLS #: 73830
0
Beds
0
Baths
0
½ Baths
0.64
Acres
1955
Built
Neighborhood:
Spearfish
Area:
Spearfish
School District:
Spearfish
Property Description
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 managers 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.
Exterior Features

Construction Frame Parking Paved Roof CompositionMetal Siding Wood Siding Style Other

Interior Features

Approx Building Sq Ft 8685 Basement Substructure Crawl Space Entrance Community Entrance Number Of Units 31

Property Features

Auction YN No For Sale Or Rent For Sale Modular YN No Multi Family Property Type Other Owner Pays See Remarks Pets Allowed YN Yes Possession Negotiable Safety Features Sprinkler System Short Sale No Subdivision YN Yes Tenant Pays See Remarks Terms CashNew Loan Type Of Tenancy Negotiable

Listing information © 2022 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Kade Welfl of The Real Estate Center Of Spearfish: 605-642-2525.



© 2022 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. 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 Keller Williams Realty Black Hills 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. Data last updated: 2022-09-28T23:44:46.723.
 
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Keller Williams Realty Black Hills
3025 1st Avenue, Suite #2
Spearfish SD, 57783