Incredible opportunity in the Gateway to the Black Hills! This property offers 16 rental units and can be utilized as Airbnb/Vrbo, short/long term rentals or boutique hotel. All units come furnished. Kitchenettes in each studio apartment offer apartment size fridge, sinks, 2 burner cook top, lg microwave & portable over/airfyer. Unit one is a 1 bedroom, 1 full bath and has a complete kitchen & private deck. This unit can be used for onsite manager or rental. Additional income from coin laundry & 4 billboards! The front office can be rented & there is plenty of room on 1.072 acre lot for storage units. Close to downtown Hot Springs, shops, restaurants, the historic Evan Plunge , VA hospital and minutes from Custer state park & Mt. Rushmore. Come be apart of this thriving community!!
INVESTMENT OPPORTUNITY. With this acquisition, you will be able to step into an existing income producing property located in the downtown Historic District of Hot Springs. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with 3 retail/office store front suites on the main level and an upper level with 3 vacation rental apartments. The building has recently undergone an update throughout offering modern amenities. The location of this property is within walking distance from many local restaurants, waterfall, river front walking path and many of the local attractions. North River Street is in its final phase of a street road reconstruction project. Main level office spaces fully occupied and have steady business and the vacation rental business books regularly and booking calendar will transfer to the new owner. (See VRBO -this platform provides excellent additional information on the amenities of these vacation rentals)
Take a look at this completely remodeled historic triplex, where sandstone charm meets modern convenience. This beautifully restored property offers three distinct units and is an exceptional opportunity for investors or those seeking a unique living arrangement. Enjoy peace of mind with updated electrical, plumbing, windows, doors, and a brand-new roof with upgraded high impact shingles. Each unit has tall windows providing abundant natural light, creating a warm and inviting ambiance. The first unit is on the main level and offers two bedrooms, a large living room, dedicated dining area, spacious kitchen with walk-in pantry, and enclosed porch. The second and third units are located upstairs and are both very comfortable, yet efficient, one-bedroom apartments. All units are metered separately, and on-site laundry facilities add to the convenience. Being located within walking distance to downtown Hot Springs increases the promise of high rental demand and excellent investment returns. Live in one unit and rent out the others or lease all three for maximum income potential. Don't miss this rare opportunity to own a piece of history with all the modern amenities!
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.
