Presented By: Keller Williams Realty Black Hills SP
MLS# 83794
04/07/2025
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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
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