INVESTMENT OPPORTUNITY 15-unit apartment complex on Hwy 385 between Lead and Deadwood right along the Mickelson Trail. Mix of 8 efficiencies with common kitchen and living areas, 6 one and two bedroom apartments ranging from $225 to $570 per month, and one office currently leased by SD Department of Health for $1,877 (new 5 year lease just signed). Lots of parking available across the street and adjacent to the building. Well-maintained building recently improved with new sidewalk to the office, sealed concrete around the building, new gravel in the parking lot and new hallway flooring. Low vacancy and great cap rate! Listed by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of the Black Hills Association of REALTORS®.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
