NOT LISTED FOR SALE

901 4th Ave Edgemont, SD 57735

Estimated Value: $857,500

2 Beds
-- Bath
6,370 Sq Ft
$135/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $340,000 $53 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $4,977/month

197 Days on Market

Highlights

  • Public Water Access
  • Family Room
  • Heating Available
  • City View

About This Home

As of January 2021

Great income property. Well maintained 8 plex. High occupancy rate with over 10%+ ROI! Each unit is similar. Property is at 100% occupancy with gross rent $4,375 / month.

Last Agent to Sell the Property

Kevin Kuehn

DUPONT REAL ESTATE, INC. Listed on: 05/19/2020

Last Buyer's Agent

Phil Lampert

LAMPERT PROPERTIES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,424

Year Built

  • Built in 1988

Lot Details

  • 0.81

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Poured Concrete
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 6,370 Sq Ft Home
  • 2-Story Property
  • Family Room
  • City Views
  • Fire and Smoke Detector

Outdoor Features

  • Public Water Access

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Public Septic

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $3,300
  • Water Sewer Expense $2,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,424

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: 2 Story
  • Lvt Date: 05/20/2020
  • View: City, Prairie
  • Year Built: 1988
  • Safety Features: Smoke Detectors, Fire Alarm
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Pet Restrictions, Central Water Heater, Individual Heat & Air, Dead Bolt Locks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Community Entrance
  • Main Level Sq Ft: 3,185
  • Total Sq Ft: 6,370

Exterior Features

  • Construction: Frame
  • Foundation: Slab, Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Utilities

  • Air Conditioner: Wall
  • Heating: Electric
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 3300
  • Water Sewer Expenses: $2300

Lot Info

  • Lot Size: 1.5 +/-
  • Lot Type: Flat, Corner
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease, Month to Month
  • Who Pays Electricity: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2019
  • Taxes: $3424

Multi Family

  • Number Of Units: 8
  • Vacancy Rate: 0 - 5%
  • Unit Features: Family Room, Kit/DR Combo, Common Utility Room

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $340,000 -2.3% $53 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
09/10/2020 09/10/20 Price Changed $348,000 -0.3% $55 / Sq Ft
07/29/2020 07/29/20 Price Changed $349,000 -0.3% $55 / Sq Ft
07/01/2020 07/01/20 Price Changed $350,000 -1.4% $55 / Sq Ft
06/24/2020 06/24/20 Price Changed $355,000 -0.8% $56 / Sq Ft
06/11/2020 06/11/20 Price Changed $358,000 -0.3% $56 / Sq Ft
06/04/2020 06/04/20 Price Changed $359,000 -0.3% $56 / Sq Ft
05/19/2020 05/19/20 For Sale $360,000 -- $57 / Sq Ft
Source: Black Hills Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,109 $225,756 $40,219 $185,537
2024 $4,952 $225,756 $40,219 $185,537
2023 $4,622 $208,806 $40,528 $168,278
2022 $3,411 $188,520 $22,050 $166,470
2021 $3,421 $121,360 $17,150 $104,210
2020 $4,604 $119,420 $15,750 $103,670
2019 $4,384 $119,420 $15,750 $103,670
2018 $3,678 $124,500 $15,750 $108,750
2017 $4,054 $119,050 $15,750 $103,300
2016 -- $130,580 $6,720 $123,860
2015 -- $130,580 $6,720 $123,860
2011 -- $134,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Black Hills Association of REALTORS®

MLS Number: 149460

Black Hills Association of REALTORS®

APN: 72150-04900-008-00