113 3rd Street Newell SD 57760 | 74701

Check this opportunity out! 2 Story, 7 bedroom boarding home in Newell. 3 City lots. There is a nice 2-car heated(heater needs connected) garage 24×28 with a concrete floor, garage door opener, and alley access. Most woodwork is original. Seller has done many improvements/repairs. Located on Main street. Currently, most all rooms are rented. The rent includes all utilities and furnished apartments. There is a waitlist for potential renters. There is a high demand for furnished apartments in the area. The rents are $550 (unit off dining) to $750 (bigger units). An on-site manager lives in one of the upper-level units and would be willing to stay as manager if the buyer is interested. The seller has kept one bedroom for himself but could be rented for additional income. The main level laundry is open for tenants to use as available. The main level features a kitchen, dining, laundry room, living room, 3 bedrooms, 1 1/2 baths, and a back porch. Upper level includes 4 bedrooms 1 shared bath. There is a newer furnace (approx. 9 yrs old. ) this furnace serves the main level. 2nd level has a wall furnace only but there are a few portable heaters if needed. The water heater is approx. 50 gal (2020)located in the laundry area. Electrical appears to have been updated in many areas and several electrical panels. There is a mid-section between the floors that are used for storage added bonus to this structure. The basement has a dirt floor. Propane tanks are leased from McGas.