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 a great return on investment and low vacancy rate. 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. Buyer & buyer's agent to verify MLS information and measurements
Off market
$610,900
721 University St, Spearfish, SD 57783
7beds
4,127sqft
MultiFamily
Built in 1910
-- sqft lot
$610,900 Zestimate®
$148/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air, Gas
Interior area
- Total interior livable area: 4,127 sqft
Property
Lot
- Size: 0.32 Acres
Details
- Parcel number: 326600090004000
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1910
Community & neighborhood
Location
- Region: Spearfish
Services availability

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