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438 S 14th St - Charming 4-plex 4 Unit Apartment Building Offered at $499,000 Hot Springs, SD 57747
Investment Highlights
- Excellent location across from Butler Park in Hot Springs, SD
- All units have the same floor plan w/spacious kitchen, dining & living room up, and 2 large bedrooms & 1 bath in the garden level basement
- Each unit has access to 1 garage stall (Apt #4 has access to 2 garage stalls)
- Good income opportunity by either renting out all 4 units for optimal profit or live in one & bring in some income from the remaining 3
- Each unit hosts its own laundry hook-ups
- New roof, newer aluminum siding, low-maintenance Trex decking & underground sprinkler system
Executive Summary
CHARMING 4-PLEX in EXCELLENT LOCATION across from BUTLER PARK in the great town of Hot Springs. 100% occupancy for forever, with3 units having same tenants 8 years or longer. Apartment 1 is currently available, and owner is keeping it open for a month or two to sell the fourplex in case the new owner wants to live on site. Good income opportunity by either renting out all 4 units for optimal profit or live in one yourself and bring in some income from the remaining 3. All units have the same floor plan with spacious kitchen, dining, and living room up, and 2 large bedrooms and 1 bath in the garden level basement. Apartment #4 features a bonus sun room area up and extra generous bedroom down. Each unit hosts its own laundry hook-ups. Units #1-3 each have access to 1 garage stall each, while Unit #4 gets 2 garage stalls. New roof, newer aluminum siding, low-maintenance Trex decking, and underground sprinkler system. Some new appliances and paint. Rents are currently below market, as the tenants have been there so long, and #1 would be rented for $1,100. Renters pay their own electric, and 3 are still on separate water meters. Across from Butler Park, very near the library, and all the small town amenities of this charming Southern Black Hills town! Come take a look! :)
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Carpet
- Basement
- Deck
- Dining Room
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 75290-00600-005-00 | Improvements Assessment | $445,170 |
| Land Assessment | $72,240 | Total Assessment | $517,410 |
Property Taxes
Parcel Number
75290-00600-005-00
Land Assessment
$72,240
Improvements Assessment
$445,170
Total Assessment
$517,410
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438 S 14th St - Charming 4-plex