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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Morgans Add
MLS Listing ID 177758
Style 2 Story
Year Built 1957
Property Sub-Type Multiplex
Property Description
10 E Quincy Street | Rapid City, SD | 8-Unit Multifamily Investment | Listed by Lori Barnett | Engel & Völkers Black Hills | 605.786.5817 Located minutes from the South Dakota School of Mines & Technology and downtown Rapid City, this 8-unit, non-conforming multifamily property is a compelling acquisition for investors building a Black Hills real estate portfolio. Situated in Rapid City's city center, one of the most consistently occupied rental corridors in Western South Dakota, the building features a diverse unit mix including two studios at $650-700/month, five 2-bedrooms at $1,100/month, and one 3-bedroom at $1,500/month. Dedicated off street parking. Coined, common laundry. All utilities are landlord-paid. Rapid City's continued population growth, low multifamily vacancy rates, and proximity to major employers support strong long-term demand for rental housing in South Dakota.
Location
State SD
County Pennington
Area City Center
Zoning Non-conforming
Interior
Heating Hot Water
Cooling Window, None
Exterior
Roof Type Composition
Building
Foundation Walkout
Sewer City
Water City
Listed by ENGEL & VOELKERS BLACK HILLS, LLC
NEARBY SCHOOL & PROPERTIES
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