Excellent investment opportunity in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units ? a highly desirable and consistent rental layout. The property is fully sprinkled and includes an exterior sprinkler system for added safety and functionality. The roof and siding have been replaced recently. Extensive exterior renovations have been completed, enhancing both curb appeal and long-term durability. All units have been renovated, with two units updated within the last year. The building maintains a strong occupancy history, with vacancy rates historically ranging between 0?5%, demonstrating solid rental demand and stability. Two shared coin-operated laundry units are located in the common area, providing additional income potential. This turnkey asset offers consistent unit mix, modernized interiors, and proven performance ? making it a strong addition to any investor's portfolio. Listed by Josiah LaFrance- Blair Allen Luxury Real Estate 605-786-3098
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Blair Allen Luxury Real Estate LLC
Shown By
Agency Title: The Experience Real Estate, Inc.
Agency Phone: 605-940-5544