230 Main Street $2,150,000

Lot Acres
0.64
Year Built
1955
Garage Type
Paved
Roof
Composition,Metal
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.
Security Amenities
Cash,New Loan
230 Main Street
Spearfish, South Dakota 57783
Region: Spearfish
Sale Type: For Sale
Ref #: 73830
Category: Multi-Family
156 Hits
Listed by Kade Welfl - The Real Estate Center of Spearfish on Wednesday, 07 September 2022 [For Sale]
Lot Acres
0.64
Siding
Wood Siding
Roof
Composition,Metal
Year Built
1955
School District
Spearfish
Style
Other
Garage Type
Paved
230 Main Street
Spearfish, South Dakota 57783
Region: Spearfish
Sale Type: For Sale
Ref #: 73830
Category: Multi-Family
156 Hits
Listed by Kade Welfl - The Real Estate Center of Spearfish on Wednesday, 07 September 2022 [For Sale]

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230 Main Street
Spearfish, South Dakota 57783
Region: Spearfish
Sale Type: For Sale
Ref #: 73830
Category: Multi-Family
156 Hits
Listed by Kade Welfl - The Real Estate Center of Spearfish on Wednesday, 07 September 2022 [For Sale]

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230 Main Street
Spearfish, South Dakota 57783
Region: Spearfish
Sale Type: For Sale
Ref #: 73830
Category: Multi-Family
156 Hits
Listed by Kade Welfl - The Real Estate Center of Spearfish on Wednesday, 07 September 2022 [For Sale]