Exceptional income-producing investment opportunity in the heart of Hot Springs! This multifamily property features eight furnished efficiency apartment units designed for convenience, comfort, and low-maintenance ownership. Each unit includes a kitchenette with updated hickory cabinetry and countertops, countertop stove, microwave, refrigerator, and furnishings including a bed, TV, and desk or dresser, making them move-in ready for tenants. Ideally situated next to a grocery store and within walking distance of restaurants, entertainment, banking, and the scenic Fall River walking path, this property offers a highly desirable location that attracts long-term and short-term renters alike. The combination of furnished units, practical amenities, and a central location provides strong rental appeal and consistent income potential. Whether you're looking to expand your portfolio or acquire a turnkey investment property, this well-positioned multifamily offering presents an outstanding opportunity in a growing Black Hills community.
A rare opportunity in the heart of Hot Springs! Red Rock River Resort is a one-of-a-kind hospitality property offering a unique blend of historic charm, lodging flexibility, event potential, wellness amenities, and added commercial opportunity. Built in 1891 with striking sandstone character, this property is ready for its next chapterâ??whether as a boutique destination, retreat venue, or income-producing investment. The resort features 17 guest accommodations, including a desirable two-bedroom apartment, providing excellent options for short-term rentals, extended stays, or on-site management. Designed for hosting and gatherings, the property includes a full kitchen and dedicated dining room, and includes a liquor license ideal for serving guests, groups, and events. A standout highlight is the large event center with capacity for up to 250 people, perfect for weddings, receptions, reunions, corporate events, and private celebrations. The event center also offers four attached bedrooms, adding additional lodging and convenience for event weekends. Adding to the guest experience is an on-site spa and wellness area featuring specialty spaces including a hot sand room, granite room, hot soaking tub room, and massage roomsâ??a rare amenity that truly sets this property apart. The property also includes available retail space, offering additional income potential and flexibility for boutique, gift shop, or guest-focused services. With additional room to grow, the basement offers exciting potential for future expansionâ??imagine creating a unique lounge or speakeasy-style space to elevate the guest experience even further. With lodging, event space, dining infrastructure, spa features, and expansion potential all in one location, Red Rock River Resort is a truly exceptional opportunity in Hot Springs, SD.
Location, convenience, and investment potential all come together in this well-maintained 4-plex, with each unit offering 2 bedrooms and 1 bathroom. Situated directly across from a beautiful park with Fall River flowing through it, a scenic walking path, and playground, this property offers a setting tenants love! Enjoy easy access to downtown Hot Springs, where dining, shopping, and entertainment are just minutes away. One unit has been completely remodeled, providing an updated living space or an ideal owner-occupied option. The building also features a new roof and gutters installed in 2024, offering peace of mind for years to come. Each unit includes individual laundry hook ups and its own garage space, highly desirable amenities that add value and convenience. Whether you choose to live in one unit and rent the others or operate it strictly as an investment, this property delivers strong potential in a prime location. A rare findâ??donâ??t miss this opportunity to own a multi-unit property in the heart of Hot Springs!
Hot Springs is located in South Dakota. Hot Springs, South Dakota has a population of 3,407. Hot Springs is less family-centric than the surrounding county with 9.06% of the households containing married families with children. The county average for households married with children is 13.6%.
The median household income in Hot Springs, South Dakota is $44,167. The median household income for the surrounding county is $51,007 compared to the national median of $69,021. The median age of people living in Hot Springs is 54.9 years.
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 12.3 degrees. The average rainfall is approximately 17.8 inches per year, with 29.6 inches of snow per year.
