1100-1122 Roth Lane $840,000

Call or Text Listing Agent - Jason Richards - The Real Estate Center of Spearfish - 605-381-1087 for more information. 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. Buyer is responsible for verifying all information on this MLS document.
Security Amenities

Lot Acres : 5.00
School District : Belle Fourche
Style : Other
Garage Type : Paved,Common
1100-1122 Roth Lane
Belle Fourche, South Dakota 57717
Region: Belle Fourche
Sale Type: For Sale
Ref #: 53570
Category: Multi Family
Listed by Jason Richards - Real Estate Center of Spearfish on Friday, 10 February 2017 [For Sale]
Cash,New Loan