438 S 14th StreetHot Springs, SD 57747

Description

CHARMING 4-PLEX in EXCELLENT LOCATION across from BUTLER PARK in the great town of Hot Springs. 100% occupancy for forever, with 3 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 Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Side/Side

Year built

1984

Living area

5,160 Sq Ft

Lot size

0.30 acres

Days on market

55

MLS^® Listing#

90237

Property Features

Appliances

Electric Range · Electric Oven · Refrigerator · Range · Oven

Heating

Baseboard · Electric

Basement

Full

Parking

On Street

Construction

Frame

Roof

Composition

Security

Smoke Detector(s)

Schools

District

Hot Springs

Directions

Take University to 16th St. Take a left on 16th St to Canton Ave and continue for a couple blocks. Right onto 14th St., watch for sign. Straight across from Butler Park!!