438 S 14th St - Apartments FOR SALE


Hot Springs, SD 57747
$499,000 USD
605-863-0725
438 S 14th St, Hot Springs, SD for Sale
$499,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

438 S 14th St
Hot Springs, SD 57747


HIGHLIGHTS

  • Excellent location across from Butler Park in Hot Springs, SD
  • Good income opportunity by either renting out all 4 units for optimal profit or live in one & bring in some income from the remaining 3
  • All units have the same floor plan w/spacious kitchen, dining & living room up, and 2 large bedrooms & 1 bath in the garden level basement
  • Each unit hosts its own laundry hook-ups
  • Each unit has access to 1 garage stall (Apt #4 has access to 2 garage stalls)
  • New roof, newer aluminum siding, low-maintenance Trex decking & underground sprinkler system

OVERVIEW

CHARMING 4-PLEX in EXCELLENT LOCATION across from BUTLER PARK in the great town of Hot Springs. 100% occupancy for forever, with3 units having same tenants 8 years or longer. Apartment 1 is currently available, and owner is keeping it open for a month or two to sell the fourplex in case the new owner wants to live on site. Good income opportunity by either renting out all 4 units for optimal profit or live in one yourself and bring in some income from the remaining 3. All units have the same floor plan with spacious kitchen, dining, and living room up, and 2 large bedrooms and 1 bath in the garden level basement. Apartment #4 features a bonus sun room area up and extra generous bedroom down. Each unit hosts its own laundry hook-ups. Units #1-3 each have access to 1 garage stall each, while Unit #4 gets 2 garage stalls. New roof, newer aluminum siding, low-maintenance Trex decking, and underground sprinkler system. Some new appliances and paint. Rents are currently below market, as the tenants have been there so long, and #1 would be rented for $1,100. Renters pay their own electric, and 3 are still on separate water meters. Across from Butler Park, very near the library, and all the small town amenities of this charming Southern Black Hills town! Come take a look! :)

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

4

PRICE/UNIT

$124,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charming 4-plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,054 SF

ZONING

-

APN/PARCEL ID

75290-00600-005-00

ASK ABOUT THIS PROPERTY

Faith LewisLewis RealtyMore Info
605-863-0725

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Faith LewisLewis RealtyMore Info
605-863-0725

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