1 of 21
Herramientas
Size
1.16 Acres
Exterior
Financial
$1,399,900
Change Currency
Listing Details
Multifamiliar
Tipo de inmueble
1970
Año de construcción
11137253
Id. web
79777
ID MLS
30
Days Posted
Descripción
728-748 E Main Street, Sturgis, SD 57785
Here's your prime investment opportunity! Welcome to Key City Manor Apartments, located just blocks from downtown Sturgis. This property is a 32-unit HUD apartment building (with an HAP contract) featuring 16 one bedroom, one bathroom units and 16 efficiency, one bathroom units. Four sets of coin-op washer and dryers are located on the property, offering an additional income source, both an indoor and outdoor common area for tenants and ample off-street parking for each unit. This property has a record of a low vacancy rate of 93% and historic rent increases through HUD. Various capital improvements have been made in recent years including updated flooring and appliances in some units, new water heaters and boiler pumps, new exterior doors, one new coin-op washing machine, extensive concrete work in sidewalks and a new roof in 2022. Maintenance, management and vendors in place should a buyer choose to continue with the current operations team. Enjoy a 7% cap rate in this excellent investment! Call for more information today. Listed by Madison Reeves, Keller Williams Realty Black Hills - Spearfish (605) 569-9019
This is an Active listing.
Broker Office Phone Number: 605-343-7500
Copyright © 2024Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 605-343-7500
Copyright © 2024Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Comodidades
- Refrigerator
- Dryer Included
- Composition Shingle Roof
Historial de precios
date | Precio | variance | type |
---|---|---|---|
4/15/2024 | $1,399,900 | - | Listado |
Listing By: Keller Williams Realty Black Hills SP via Data Source: Mt. Rushmore Area Association of Realtors
agente de listado: Madison Reeves