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1100-1122 Roth Lane, Belle Fourche, SD 57717

$860,000
Multi Family MLS# 53570 ID: 43291515
$860,000 Get Rates

1100-1122 Roth Lane
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. $860,000 MLS #53570

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Location Information near 1100-1122 Roth Lane
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Property Features for 1100-1122 Roth Lane
Status
Market Status
Available
Last Updated
December 14, 2017
Description
Property Type
Multi Family
Approx. Lot Size
5 Acres

Appliances

  • Refrigerator
  • Washer
  • Dryer

Exterior Features

  • Parking: Paved or Surfaced

Listing Features

  • Property Type: MultiFamily; Other

Data Provided by Mt. Rushmore Area Association of Realtors

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Jason Richards ABR, Spearfish Real Estate



Real Estate Center of Spearfish, Spearfish SD
  • Real Estate Center of Spearfish
  • 140 West Jackson
    Spearfish, SD 57783


  • Phone: View Phone Number (605) 642-2525
  • Fax: View Phone Number (605) 642-3647

Data Provided by:
Mt. Rushmore Area Association of Realtors


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More information about this $860,000 Multi Family at 1100-1122 Roth Lane

This $860,000 Multi Family at 1100-1122 Roth Lane in Belle Fourche, SD is offered by Jason Richards ABR. This $860,000 Multi Family, located in the 57717 zip code, has the following property features: Washer, Property Type, Dryer, Parking. This 1100-1122 Roth Lane Multi Family, located in Butte County , is listed under MLS listing number 53570 and has a listing price of $860,000. You can find more of Jason Richards ABR's listings by browsing Jason Richards ABR homes for sale at HomesAndLand.com, or even more BELLE FOURCHE homes for sale here.