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$380,000
Est. payment /mo
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 172418
Style 2 Story
Year Built 1978
Property Sub-Type Fourplex
Property Description
This four-plex property located in Sturgis presents significant investment potential. It features four separate apartments, each consisting of two bedrooms and one bathroom, with a total area of 676 square feet per unit. Constructed in 1978, the property has maintained a zero vacancy rate for several years, indicating strong demand for rental units in the area. The washer and dryer facilities are managed through an off-site contracted service, and each apartment is equipped with its own water heater. The upstairs units offer small balconies adjacent to the dining and kitchen areas, adding to their appeal. Additionally, there is a large off-street parking lot available, providing ample space for tenants with multiple vehicles. With some renovations and improvements, there is a substantial opportunity to increase rental income significantly. Owner has purposefully kept rents low to help out his renters.
Location
State SD
County Meade
Area Sturgis
Zoning Conforming
Interior
Heating Electric
Cooling Electric, Wall
Exterior
Roof Type Composition
Building
Foundation Concrete Block
Sewer City
Water City
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Listed by HEGG, REALTORS INC
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Nick Dowling
Broker Associate | License ID: 16307
Broker Associate License ID: 16307