300 Aspen Drive - Apartments FOR SALE


Lead, SD 57754
$1,295,000 USD
605-210-0010
300 Aspen Drive, Lead, SD for Sale
$1,295,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

300 Aspen Drive
Lead, SD 57754


OVERVIEW

This 13-unit apartment complex is composed of (9) 2 Bed, 1 Bath and (4) 1 Bed 1 Bath Units. The grounds have been meticulously cared for and the property is situated in a pristine location. Recent updates include a new roof and underlayment, new siding, decks, and windows in 2019, and exterior masonry around the entire building. The building is heated with a central natural gas hot water boiler system that the owner pays for and each unit has individual electric meters. There is a shared laundry room on site as well as individual storage units for the tenants. Since being built, the property has met and exceeded all HUD and Rural Development inspection standards and has been very well cared for. At approximately $100/square foot and $100,000/door, a better more affordable property will not be found in the Black Hills.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

13

PRICE/UNIT

$99,615

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,102 SF

ZONING

-

APN/PARCEL ID

31180-00600-110-00

ASK ABOUT THIS PROPERTY

Kade WelflThe Real Estate Center of SpearfishMore Info
605-210-0010

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Kade WelflThe Real Estate Center of SpearfishMore Info
605-210-0010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.