603 Jensen Highway, Hot Springs, SD 57747

$550,000

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List Price
$550,000
Days on Market
57
Status
ACTIVE
MLS#
88935
Lot Size (Acres)
0.18
Style
Side/Side
Year Built
1963

Property Description

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.

Additional Information

Area
Hot Springs
Exterior Features
Paved Street
Heating
Electric
Cooling
Refrig. Wall Unit
Roof
Metal
School District
Hot Springs
Exterior Features
Paved Street
Construction
Frame
Cooling
Refrig. Wall Unit
Roof
Metal
School District
Hot Springs
Heating
Electric

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Black Hills Best Realty.