701 Dakota Dr Active

Rapid City,SD 57701

$ 4850000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 175668

Style Other

Year Built 1972

Property Sub-Type Other

Property Description

Unbeatable location in the heart of west side Rapid City, adjacent to Sioux Park and the bike path - just minutes from schools, shopping, downtown, and countless dining options. This 48-unit apartment complex includes 44 two-bedroom units, 4 one-bedroom units, and 48 on-site storage units. 2nd and 3rd floor units have large balconies to enjoy the beautiful park setting. Tenants enjoy convenience and location, while owners benefit from thoughtful maintenance and improvements over the years, including durable siding, new roofs, custom exterior doors, lighting, water heaters, resurfaced parking lot, security system, concrete work (in progress), among many other updates. With its prime location and strong rental appeal, this complex is a rare opportunity to buy in the heart of Rapid City. Coin operated laundry in each building.

Location

State SD

County Pennington

Area Sheridan Lake Road

Zoning Conforming

Interior

Heating Electric,Hot Water,Baseboard

Cooling Electric

Exterior

Roof Type Composition

Building

Foundation Poured Concrete

Sewer City

Water City

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