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4225 Apple Tree Rd Rapid City, SD 57703-0000
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 170596
Sold Date 12/03/24
Style 1 Story,Other
Year Built 1950
Property Sub-Type Other
Property Description
Cottonwood Grove is an ideal investment opportunity for both seasoned investors and those looking to enter the real estate market. With its strategic location near the Rapid City Regional Airport, it attracts a diverse range of potential tenants. The 14 mobile home lots provide a steady stream of rental income, offering residents the flexibility of mobile home living. The mobile home rental offers a larger living space and is an attractive option for those seeking a more permanent housing solution The single-family home is perfect for families or individuals who desire a detached living space with a yard. The 3-unit apartment building attracts tenants looking for a multi-family living arrangement or additional income generating opportunities. The efficiency apartment is ideal for single individuals or couples seeking a more compact yet convenient living space. In addition to the existing rental options, the property boasts significant potential for further development.
Location
State SD
County Pennington
Area Rapid Valley
Zoning Conforming
Interior
Heating Forced Air, Gas
Cooling Electric, Window
Exterior
Roof Type Composition,Other
Building
Foundation None
Sewer City
Water City
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