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$ 549,900
Est. payment | /mo
$ 549,900
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Sherman
MLS Listing ID 179421
Year Built 1949
Property Sub-Type Multiplex
Property Description
Exceptional investment opportunity in a prime Rapid City location! Situated near Canyon Lake Park, schools, shopping, and restaurants, this well-maintained 5-unit multi-family property offers immediate income with strong long-term potential. Situated on 0.9 acres, the property also includes a 28' x 15' garage, providing valuable storage space for tenants and/or owners. The complex has been updated within the past five years, including improvements to windows, doors, and electrical systems. With a proven track record of stable occupancy and long-term tenants, this property has demonstrated consistent performance over the past 16 years. Current rental rates are below market value, creating an outstanding opportunity for increased cash flow, future appreciation, and enhanced return on investment. Whether you're expanding your portfolio or seeking a quality income-producing property, this is one you won't want to miss.
Location
State SD
County Pennington
Area Southwest
Zoning Conforming
Interior
Heating Forced Air, Natural Gas
Cooling Central, Electric, Window
Exterior
Roof Type Composition
Building
Foundation None
Sewer City
Water City
Listed by COLDWELL BANKER BLACK HILLS LEGACY
NEARBY SCHOOL & PROPERTIES
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