422 AlpineVilla Stewart Slope Rd, North Lawrence, SD 57754

Turn-key, fully furnished income-producing vacation rental property in the Black Hills. Popular with both summer and winter vacationers, current owners maintain AirBNB and VRBO listings for this and two other listed condos located at Barefoot Resort across from Terry Peak ski area. Day-to-day management of the property is maintained by resort staff with reservations managed by current owner. New owners would have the option to continue renting the property on their own, through the resort, or to keep as a private vacation home. All real estate taxes, utilities, structure insurance, exterior maintenance, snow removal, and maintenance of all commons areas including, hot tubs, pools & saunas are covered by the Barefoot Owners Association which charges a monthly HOA assessment of $667. Additionally the condo may be used through the RCI vacation exchange program with a current membership to exchange with more that 3400 condos world wide, though current owners are not members of RCI and have not chosen to utilize this program themselves. Current owners are planning on relocating out of state, presenting new owners with a chance to take advantage of an established, low-maintenance investment within the vacation rental market.

This condo comes fully furnished and is used as a nightly rental at Barefoot Resort. Rental income is split 65% owner/ 35% association. * The Barefoot Owners Association oversees the resort operations and a monthly assessment of $612 is charged as a maintenance fee plus through 2017 a $85 monthly Special Assessment both paid directly to the Barefoot Resort for various expenses, including all Real Estate taxes, utilities, insurance, and exterior maintenance of commons areas, snow removal, and commons area hot tubs, pools & saunas. This fee is paid directly to the resort and is subject to change with the cost of living increases. The Special Assessment of $85 will be done at the end of 2017. Buyer can make arrangements with the resort for payment details. Also the condo may be used through the RCI vacation exchange program with a current membership to exchange with more that 3400 condos world wide.