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Sunet Motel and RV Park 19022 US Highway 85

38 Unit Mobile Home Park £1,539,729 (£40,519/Unit) 9.11% Net Initial Yield Belle Fourche, SD 57717

Investment Highlights

  • Historically successful Sunset Motel
  • TURN-KEY Motel & RV Campground

Executive Summary

For Sale is the historically successful Sunset Motel located on the south side of Belle Fourche on HWY 85, just minutes to HWY 34 & HWY 212. This property conveniently sits directly across the highway from the Belle Fourche Country Club golf course and walking distance to the newly built Runnings. With the proven steady growth, here is your chance to walk into a TURN-KEY Motel & RV Campground on 2.86 acres that operates year-round. full-sized beds, smart TVs, bathroom with a new shower, sink, and toilet, complimentary toiletries, writing desk, TV tray, luggage rack, and free Wi-Fi. The campground currently consists of 18 RV sites with full hook-ups and water/electric are metered separately. Alongside essential amenities like a laundry room and on-site manager's accommodations, guests can enjoy added perks such as a stationary RV and a one-car garage outbuilding, providing comfort and versatility.
The motel's comfortable rooms cater to travelers' needs, blending modern amenities with local charm. Each room offers a peaceful retreat after a day exploring the scenic Black Hills, home to famous attractions like Mount Rushmore and the renowned Sturgis Motorcycle Rally.
Situated on over 2 acres of land, this property offers potential for expansion with 10-14 additional RV spots. The Sale includes the additional electrical meters and stands (14x of them) for this expansion in the sale ($22,000). The on-site manager's living quarters include two bedrooms, a spacious living area, and a dedicated laundry room, catering to both personal and management requirements.
Listed with Ryan Klima
exp Realty SD #20417

Property Facts

Price £1,539,729
Price Per Unit £40,519
Sale Type Investment
Net Initial Yield 9.11%
No. Units 38
Property Type Residential
Property Subtype Manufactured Housing/Mobile Home
Lot Size 2.86 AC
Building Size 1,000 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1953/2019

Site Amenities

  • Laundry Facilities
  • Wi-Fi

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15.50.G
Land Assessment
£147,631
Improvements Assessment
£412,014
Total Assessment
£559,645

zoning

Zoning Code HC
HC
  • Listing ID: 31633290

  • Date on Market: 27/04/2024

  • Last Updated:

  • Address: 19022 US Highway 85, Belle Fourche, SD 57717

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