925 North 3rd Street

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925 North 3rd Street

Spearfish, SD 57783
Asking Price
$1.70M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Short term and long-term rentals in place with many ways to increase revenue. <p><span style="color: rgba(33, 37, 41, 1)">Turnkey 20-Unit Motel/Airbnb | Multiple Income Streams + Development Opportunity Cash-flowing, multi-use investment with HUGE upside potential! This 20-unit property is currently operating as a successful motel/Airbnb and offers endless opportunities to generate income short-term rentals, long-term tenants, or continue running as a motel. Zoned C-1 Commercial, the possibilities don’t stop there. A completed flood study and plans already in place for tw

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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069

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