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Suzette Pickar

suzettepickar@westriverrealtysd.com +1(605) 415-5331

$ 31,250,000

Est. payment | -/mo

5 Beds

3,059 SqFt

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$ 31,250,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3,059 SqFt

Key Details

Property Type Multi-Family, Residential Income

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,059 sqft

Price per Sqft $10,215

Subdivision Fifth Street Office Plaza

MLS Listing ID 181006

Bedrooms 5

HOA Y/N No

Year Built 2023

Lot Dimensions 6.7

Property Sub-Type Multiplex

Property Description

ATTENTION INVESTORS! Excellent opportunity to acquire a 165-unit apartment complex consisting of 11 buildings with 15 apartments per building, plus 72 garage stalls. The property includes 4 garage buildings with 18 stalls each, currently renting for $100/month per stall. Each apartment building features 3 studio units at approximately 558 sq ft renting for $900/month, 6 one-bedroom/one-bath units at approximately 774 sq ft renting for $1,100/month, and 6 two-bedroom/two-bath units at approximately 1,013 sq ft renting for $1,400/month. Apartments feature Whirlpool stainless steel refrigerator, range, microwave and dishwasher, along with a white stackable washer and dryer in each unit. Interior finishes include carpeted bedrooms, LVF vinyl flooring throughout kitchens, living rooms, bathrooms and laundry closets, laminate countertops, stainless steel sinks and blinds throughout. Exterior and common-area features include Trex maintenance-free decking, metal railings and balconies, maintenance-free fencing along the rear retaining wall, complete landscaping with plantings, sod and sprinkler system, and a fire suppression system approved by the Rapid City Fire Department. All 72 garages are drywalled and taped and include garage door openers with remotes. Tenants are responsible for electricity. Owner pays garbage, sewer, water, lawn care and snow removal. Current professional property management is in place and the property maintains high occupancy. Listing agent is a member of the selling LLC. Broker Owned.

Location

State SD

County Pennington

Area Southeast

Zoning Conforming

Direction Located on 5th Street between Minnesota and Catron

Interior

Interior Features Formal Living Room, Kit/DR Combo

Heating Electric, Forced Air, Radiant

Cooling Central Air

Window Features Window Coverings

Exterior

Exterior Feature Balcony/Deck

Parking Features Paved, Off Site, Garage, See Remarks

View Y/N No

View Hills, City

Roof Type Composition

Porch Patio

Garage Yes

Building

Foundation Concrete Perimeter

Others

Virtual Tour https://www.youtube.com/watch?v=IcjoFPYXLVY

Listed byBLACK HILLS REALTY

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Suzette Pickar

Broker/Owner License ID: 16888

+1(605) 415-5331

4815 5TH ST Rapid City, SD 57701

Suzette Pickar

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & PROPERTIES

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4815 5TH ST