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$ 999,500
Est. payment | /mo
5 Beds
1,975 SqFt
$ 999,500
Est. payment | /mo
5 Beds
1,975 SqFt
Key Details
Property Type Single Family Home, Residential Income
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1,975 sqft
Price per Sqft $506
Subdivision Mallow Add
MLS Listing ID 87915
Bedrooms 5
HOA Y/N No
Lot Dimensions .4
Property Sub-Type Other
Property Description
Listed by Shauna Sheets, KWBH, 605-545-5430. Great opportunity to add your investment porfolio- 8 unit apartment complex in central Rapid City with impressive occupancy rate and consistent rental history! Built in 2005, the building has 4 units on the upper level and 4 units on ground level, with a private parking lot. Ground level units are zero-entry for great accessibilty. Upper levels are accessed via recently refreshed decks on either end of the building. Combination of 2 bedroom/1 bathroom and 3 bedroom/2 bathroom units with rent ranging from $875-$1,075/unit, each having private entries, an open concept living space, full kitchen, private in-unit laundry and separate electric meters. Consistently improved on, units have updated kitchens, wall AC, low maintenance flooring, egress windows as needed and all appliances stay. Lots of recent preventive maintenance - water heater replacements, newer roof, deck staining, sprinkler system recharge, etc. Added income potential- room to raise rents or enjoy a strong excellent CAP rate as is. Conveniently located near downtown Rapid City, the Monument Arena and easy access to I90 and the Black Hills.
Location
State SD
County Pennington
Area North
Zoning Unknown
Direction Heading E on Omaha St. L on Founders Park Dr. R on Philadelphia St. L on Nickel St., L on Boegel St. R on Mallow, complex is on the L.
Interior
Interior Features None
Heating Electric
Exterior
Exterior Feature Private Entrance
Parking Features Paved
View Y/N No
Roof Type Composition
Garage No
Building
Foundation Concrete Perimeter
Listed byKeller Williams Realty Black Hills RC