346 Kansas City, Spearfish, SD 57783

Spearfish Studios presents a rare opportunity to acquire a fully occupied, renovated 39-unit multifamily property located just two blocks from downtown Spearfish. Positioned in one of the Black Hills’ most desirable rental markets, this apartment community offers investors a stabilized asset with strong current income, excellent tenant appeal, and meaningful future upside. The property consists of three separate buildings with a diverse unit mix: 33 studio apartment units, 3 one-bedroom units, 2 two-bedroom units, and 1 spacious five-bedroom basement unit. The buildings include one 3-unit building, one 13-unit building, and one 23-unit building, creating a functional and efficient multifamily layout across the property. Spearfish Studios has benefited from both interior and exterior renovations, giving the property a clean, updated, and attractive feel for residents. The property also includes on-site laundry, a main office, and a communal outdoor area located in the center of the...