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Jason Richards ABR
Jason Richards ABR
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Real Estate Center of Spearfish

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1100-1122 Roth Lane
Belle Fourche, SD 57717
MLS# 53570 ID: 43291515
$860,000
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Property Description
1100-1122 Roth Lane 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. $860,000 MLS #53570
Property Features
Status
Last Updated December 11, 2017
Market Status Available
Description
Property Type Multi Family
Approx. Lot Size 5 Acres
Appliances
Refrigerator
Washer
Dryer
Exterior Features
Parking Paved or Surfaced
Listing Features
Property Type MultiFamily; Other
Schools Near Property

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School District Grades Type
Newell School District 09-2 Preschool-5 Public
Belle Fourche School District 09-1 Preschool-k Public
School District Grades Type
Newell School District 09-2 Preschool-5 Public
Belle Fourche School District 09-1 Preschool-k Public
School District Grades Type
Newell School District 09-2 Preschool-5 Public
Belle Fourche School District 09-1 Preschool-k Public
Belle Fourche School District 09-1 K-4 Public
School District Grades Type
Belle Fourche School District 09-1 5-8 Public
Newell School District 09-2 6-8 Public
School District Grades Type
Belle Fourche School District 09-1 9-12 Public
Belle Fourche School District 09-1 9-12 Public
Newell School District 09-2 9-12 Public
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Recent Sales Near Property
Address Beds Baths Price
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Receive a Free Community Profile
Quick Glance
Population 8,320
Population Growth 16%
Population Density 7
Median Age 38.0
Median Income $42,726
Households 3,543
Weather
Jan Low 4.97
Jan High 28.05
July Low 58.66
July High 87.54
Annual Precipitation (in.) 63.29
Weather Risk Index* 13
*Index score (100 = National Average) that represents the total risk
Belle Fourche Demographics
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Belle Fourche Housing Statistics
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Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.

Data Provided by Mt. Rushmore Area Association of Realtors

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