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1615 38th St Rapid City, SD 57702-0000
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Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Leisure Acres
MLS Listing ID 165966
Sold Date 02/29/24
Style Up & Down
Year Built 1958
Property Sub-Type Triplex
Property Description
Investor's Dream Triplex in Rapid City! Welcome to your next real estate investment opportunity! This fantastic 2,944 sqft triplex in the heart ofRapid City boasts an upstairs unit with three bedrooms, one bathroom, and a one-car garage currently leased at $1,000 per month, which canbe increased to around $1,700/month as soon as the lease term is up, making it an ideal steady income source. Two one-bedroom, one-bathroom units on the lower level rent for $900 each, providing additional rental income. Recent upgrades including a new roof, fresh paint, newflooring, and sheetrock keep maintenance costs low. With a convenient location, community laundry, the option for owner-occupancy upstairs,and a private yard, this property offers a versatile investment, ensuring long-term potential and the chance to enjoy comfortable living with rentalincome at your fingertips. Don't miss this fantastic investment opportunity in Rapid City! .
Location
State SD
County Pennington
Area Southwest
Zoning Unknown
Interior
Heating Electric, Baseboard
Cooling Electric, Window
Exterior
Roof Type Composition
Building
Foundation Basement, Walkout
Sewer City
Water City
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