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$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
  • County/Area: Butte County
  • Entrance: Private Entrance
  • Listing Status: Active
  • Miscellaneous: Pet Restrictions
  • Owner Pays: Gas/Electric, Water/Sewer, Real Estate Taxes, Insurance
  • Parking: Paved, Common
  • Personal Property: Refrigerator, Electric Range Oven, Washer, Dryer
  • Property Type: Multi Family Home
  • Safety Features: Smoke Detectors, Sprinkler System
  • School District: Belle Fourche
  • Sub Type: Multi Family Home
  • Subdivision Y/N: Yes
  • Tenant Pays: Rent Only
  • Type Of Tenancy: Six Month Lease, One Year Lease
  • Units: 18
  • Zip Code: 57717
   



140 W. Jackson Blvd
Spearfish, SD 57783


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

   
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