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Lead, SD 57754 200 Montana Avenue

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Presented By: Keller Williams Realty Black Hills SP
  • MLS# 83794
  • 04/07/2025
  • Request Tour
  • Request Info
  • Beds • 23
  • Baths • 23
  • SQFT • 15,727

Home Details

Listed by Jeremy Kahler, KWBH, 605-381-7500. Great opportunity to add to your investment portfolio- 23 unit apartment complex in Lead, SD with consistent rental history and great potential to expand! *Based on projections and current rent amounts, occupancy to be about 96% *Property is all on one level, with zero-entry access for easy accessibility, and complies with most ADA requirements *This one building facility has 14 studio apartments, 6- 1 bed/1 bath units and 3- 2 bed/1 bath units *Each apartment has a kitchen/kitchenette space, bathroom with walk in shower and separate heating/cooling units *On-site coin operated laundry room *Safety features include: secured entry, video surveillance and an internal sprinkler system *Common spaces include: rest rooms, communal seating areas (inside and out), rec rooms and storage areas *Front office space for onsite management *Manicured exterior with sprinkler maintained lawn and landscaping, outdoor seating areas and a walkway around the building *Flat private parking lot (1 space/unit) plus 6 assigned covered parking spaces *Great potential to expand- property has multiple storage spaces, public restrooms, a commercial kitchen, set up for an in-house barber shop, and space for potential unit expansion. Centrally located behind Lynns Dakota Mart grocery store. **Seller will consider doing owner financing**
Presented By: Keller Williams Realty Black Hills SP

Interior Features for 200 Montana Avenue

Other Interior Features

# of Units23
BasementSlab

General for 200 Montana Avenue

Agent First NameJeremy
Agent Last NameKahler
AreaLead
Auction Y/NNo
CityLead
ClassMULTI-FAMILY
CoolingRefrig. Wall Unit
CovenantsNo
DirectionsHeading SW from Central City into Lead on US HWY85/14A/Glendale Dr. R on Montana Ave. stay R to stay on Montana Ave. parking lot straight ahead
Docs on FileFinancials
HeatingElectric, Cove
Listing Agent1607
MiscellaneousMaster Meters, Central Water Heater, Individual Heat & Air
ParkingPaved, Common, Covered Parking
Pets Allowed (Y/N)Yes
Sale/RentFor Sale
School DistrictLead/Deadwood
Short SaleNo
Showing InstructionsAppointment Only, Lock Box, Other-See Addendum
StatusActive
StatusACTIVE
Status Detail0
Style1 Story
SystemsBreaker
TermsCash, New Loan
TypeOther
Year Built2002

Exterior for 200 Montana Avenue

ExteriorOutbuildings, Paved Street

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $2,000,000
MLS#83794
List Date 04/07/2025
Property Type Multi-Family
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