Welcome or Register
Back to Home Page
$860,000 For Sale
1100-1122 Roth Lane
Belle Fourche, SD 57717
18 units | Multi Family Home - MLS# 53570
Property Photo
1/18

Description

Call or Text Listing Agent - Jason Richards - The Real Estate Center of Spearfish - 605-381-1087 for more information. Cash Cow! This is an excellent income property and is hard to find in the Northern Black Hills. 5 Acres of land located close to Highway 85, by industrial park on the north side of Belle Fourche with a multi-building apartment complex consisting of 6 newer apartment buildings (2012 construction or newer) with 17 total rental apartments PLUS a 30x40 shop. Currently this property is 100% occupied but even using a 5% vacancy rate when figuring your Net Income, the CAP rate is favorably close to 9%. Of the 17 apartment units, there is 1-four BR unit, 2-three BR units, 1-two BR unit, 10-one BR units, and 3-studio apartments. There is a reduced rate for heating through Butte Electric on all buildings. Sprinkler fire suppression systems in all but one apartment building. Buyer is responsible for verifying all information on this MLS document.

Features

  • Construction: Frame
  • Units: 18
  • Type Of Tenancy: Six Month Lease, One Year Lease
  • Tenant Pays: Rent Only
  • Subdivision Y/N: Yes
  • Sub Type: Multi Family Home
  • School District: Belle Fourche
  • Safety Features: Smoke Detectors, Sprinkler System
  • Property Type: Multi Family Home
  • Personal Property: Refrigerator, Electric Range Oven, Washer, Dryer
  • Parking: Paved, Common
  • Owner Pays: Gas/Electric, Water/Sewer, Real Estate Taxes, Insurance
  • Miscellaneous: Pet Restrictions
  • Listing Status: Active
  • Entrance: Private Entrance
  • County/Area: Butte County
  • Zip Code: 57717
© 2017 Northern Black Hills Association of Realtors All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than The Real Estate Center of Spearfish are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-06-24.
   



140 W. Jackson Blvd
Spearfish, SD 57783


Phone: 605-642-2525
FAX:  605-642-3647
Email Us Today!
 

   
Don't Miss a New Listing Again!

Already registered? Login


FREE AUTOMATED
EMAIL UPDATES

Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!

*Contact Information
is NOT Shared*

 

Quick Search


view all


Any

Any

No Min.

No Max.

Contact Us









* fields are required