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$ 11,400,000
Est. payment | /mo
$ 11,400,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Residential Income
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Superpumper Add
MLS Listing ID 181556
HOA Y/N No
Year Built 2004
Lot Dimensions 8.69
Property Sub-Type Multiplex
Property Description
Rare opportunity to acquire a very well-established and well-maintained income producing 80-unit apartment property in Southeast Rapid City. Sitting on approximately 8.69 acres, the property offers a unique setting with all 80 residences arranged as single-level units and 57 garages. The unit mix consists of attractive two- and three-bedroom floor plans. The property has demonstrated consistently strong occupancy with a wait list. Residents can enjoy a recently renovated clubhouse featuring a large community gathering room, two private offices, 2 restrooms, a kitchen, and laundry facilities with coin operated washer and dryers. Additional outdoor amenities include a basketball court and playground. With its single-story configuration, substantial acreage, established occupancy history, and on-site amenities, this property represents an opportunity to acquire a sizable multifamily asset in Rapid City, close to local amenities. For additional information or to schedule a showing, contact Ariel Rudland, West River Realty 605-786-4816 or Travis Haan, Black Hills Realty 605-415-2344
Location
State SD
County Pennington
Area Southeast
Zoning Conforming
Direction From Hwy 44 head South on Campbell St, Right onto Oakland St, Left on Outlook Circle.
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Paved
View Y/N No
Roof Type Composition
Garage No
Building
Foundation Concrete Perimeter
Listed byWEST RIVER REALTY, LLC