Jason Richards ABR

MLS # 53570
Listing ID # 43291515
Price: $860,000
Approx. Lot Size: 5 Acres

Property Type: Multi Family
   1100-1122 Roth Lane
   Belle Fourche, SD 57717

County: Butte
Real Estate for Sale, ListingId:43291515, location: 1100-1122 Roth Lane Belle Fourche 57717
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

Offered by Jason Richards ABR of Real Estate Center of Spearfish View Phone Number (605) 381-1087 .

As seen in...
Homes & Land of The Black Hills, Vol. 12, Issue 08, Page 15.
Request a free magazine here, or call 1-800-277-7800.

Additional Features

  • Appliances
    • Refrigerator
    • Washer
    • Dryer
  • Exterior Features
    • Parking: Paved or Surfaced
  • Listing Features
    • Property Type: MultiFamily; Other