Condo Investment Properties for Sale in Spearfish, SD
136- 2 Bed
- 2 Bath
- 1063 sft
4- 2 Bed
- 2 Bath
- 1063 sft
72- 2 Bed
- 2 Bath
- 1610 sft
132- 2 Bed
- 2 Bath
- 1063 sft
Why Invest in Spearfish, South Dakota?
Spearfish, SD offers strong potential for condo investors seeking steady rental demand in the Black Hills region. With a growing retiree and tourism-driven population, condos provide accessible entry into this appreciating market. Average rents around $1,980 support solid cash flow, complemented by 2-3% annual appreciation. Cap rates hover at 5-6%, with renter occupancy exceeding 40% per census data. Low vacancy and limited supply make condos a resilient choice for passive income.
Frequently Asked Questions
Yes, condos offer solid rental yields around 5-6% due to tourism and university demand. Low vacancy rates and 2.5% appreciation make them resilient. Focus on properties near downtown or campus for best cash flow.
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