This 5-plex is being offered at $106,395 per unitthis well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.
Listing Courtesy of BLACK HILLS / Listed By: Lisa Mueller, Coldwell Banker Black Hills Legacy Real Estate
$325,000 (USD)
Black Hawk Area Single Family Home
Contingent
6608 Kimberly Dr Black Hawk, SD 57718
4 Bed
2 Baths
1632 sqft
MLS# 179671
Welcome home to this spacious 4-bedroom, 2-bath property nestled on a -acre lot in Black Hawk. The fully fenced backyard is perfect for pets, play, or entertaining, featuring a large deck with a gazebo cover for relaxing summer evenings, while the expansive front patio offers another inviting outdoor gathering space. Step inside to discover updated flooring throughout the main living areas, remodeled bathrooms, and a pellet stove in the lower level. Improvements include a new roof, gutters, and window wraps completed last summer, along with updated heating within the past seven years. With an oversized 2-car garage, generous outdoor space, and room to make it your own, this home offers the perfect blend of comfort, functionality, and future potential. As an added bonus, it qualifies for Rural Development/First time homebuyer financing, making homeownership even more attainable. Don't miss this opportunity to enjoy space, updates, and value in a convenient Black Hawk locationschedule your private showing today!
Listing Courtesy of BLACK HILLS / Listed By: Lisa Mueller, Coldwell Banker Black Hills Legacy Real Estate
