721 University St
Spearfish, SD 57783
MLS #: 61215
Listed by Holly Glatt, Keller Williams Realty Black Hills– Incredible investment opportunity in the beautiful town of Spearfish- home of BHSU and voted “Best Small Town in South Dakota” by Thrillist in 2017! This tri-plex, located in the heart of Spearfish and just 4 blocks from the BHSU campus, offers fantastic income with cap rate over 5% and vacancy rate under 5%. Metered separately for gas & electric, which tenants pay. Units on the main level have been nicely updated and both include 3 bed, 2 bath with washer/dryer (hookups), dishwashers, and separate entrances. Upper level unit has 1 bed, 1 bath, great living space, washer/dryer, storage closet and separate entrance. Wonderful charm plus upgraded finishes and materials used throughout! Currently, all units are pet & smoke free, well maintained, and full occupancy. Plenty of off street parking on the side & rear of property. Rental rates could be increased as leases expire. Current owners do not charge for the 1 car garage but that could offer additional income as well.
Holly grew up in Spearfish, SD and made the move to the big City (Rapid City, that is) in 2014. She received her real estate license in 2013 and shortly after joined Suzanne White and helped in building the White & White Realty Team into one of the top real estate teams in the Black Hills!
In the past 4 years with the White & White Team, Holly has helped close over 300 homes! In the world of real estate, experience matters! We are proud to be a part of Keller Williams Realty, with their training, technology and tools, we truly believe we have the most to offer our buyers and sellers when it comes to listing a home or purchasing—put us to the test. We would love the opportunity to earn your business!
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Direct: (605) 641-4425
Keller Williams Realty Black Hills
2401 W. Main St | Rapid City, SD 57702www.WhiteandWhiteTeam.com