N Main St, Spearfish, Home For Sale

Call or Text Listing Agent - Kade Welfl - The Real Estate Center of Spearfish - for more information. This 31-unit apartment complex is located on Main Street in the heart of Spearfish, SD. The property includes 4 separate buildings that are situated on 4 city lots with a total land area of.64 acres and 8, 685 square feet of finished space. Current rental rates range from $625-$850/month with a gross monthly rental income potential of $22, 375 ($268, 500 annual) at 100% capacity. The owner pays for electricity, gas, city water and city sewer. This is one of the few pet-friendly complexes in Spearfish, which has created strong demand for the units. With the exception of the 824 square foot, 1 bed, 1 bath managers suite and office, 30 of the 31 units are studio apartments. There is a large laundry room generating additional income.