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$ 4,850,000
Est. payment | /mo
$ 4,850,000
Est. payment | /mo
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
Listed by COLDWELL BANKER BLACK HILLS LEGACY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "