New to the market is a great cash-flowing, fully-occupied 16 apartment complex. This complex, located in bustling Hot Springs, SD has undergone extensive remodeling; new exterior paint, new roof, new apartment doors/locks, new commercial water heater, new electrical panel and other electrical improvements, new interior paint and flooring all within the last few months. Unit mix includes 15 fully-furnished studio apartments and one single one-bedroom fully furnished unit ideal for manager's or owners apartment. The studio apartments are roughly 330sf and feature a cooktop, microwave, refrigerator, TV, bed, dresser, couch/loveseat, chair and tables. This complex has ample paved parking for the tenants as well. Landlord pays for all utilities which include electric, water, sewer, internet, cable & garbage. Currently, leases are all month to month and new owner can operate in same manner or establish leases at varying lengths.
|--||New Value: $1,100,000|
|9/20/2023 3:08:29 PM||New Value: U/C TAKE BACK UPS|
|8/16/2023 10:23:00 AM||New Value: $1,100,000|