701 Dakota

    Rapid City, SD 57702
    • $3,800,000
    • STATUS: Active Under Contract
    • ON SITE: 11 days
    • MLS #: 149239
    Under Contract
    UPDATED: 7 min ago
    $3,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Great opportunity to own a 48 unit apartment complex in the West Rapid Area. It consist of 4 Buildings each with 12 units consisting of 2 bed, one bath, and one bed 1 bath apartments. As of April 2020 occupancy rate was 94%. Of the 4 buildings. Approximately 38 units have been remodeled paint, appliances, and carpet. All 4 building have new roofs, siding, and windows as of 2017. One of the four buildings has new water heater and boiler. There are also 4 mini-warehouse units for storage and asphalt parking and assigned parking. Great location behind Baken Park Shopping Strip Mall.

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    © 2020 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2020-05-24T22:16:18.473.
    www.buyandsellblackhills.com/homes/105801999

    701 Dakota Rapid City, SD 57702

    • Price: $3,800,000
    • Status: Active Under Contract
    • Updated: 7 min ago
    • MLS #: 149239
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1972
    Built
    Neighborhood:
    Other
    County:
    Pennington
    Area:
    Sheridan Lake Road
    Property Description
    Great opportunity to own a 48 unit apartment complex in the West Rapid Area. It consist of 4 Buildings each with 12 units consisting of 2 bed, one bath, and one bed 1 bath apartments. As of April 2020 occupancy rate was 94%. Of the 4 buildings. Approximately 38 units have been remodeled paint, appliances, and carpet. All 4 building have new roofs, siding, and windows as of 2017. One of the four buildings has new water heater and boiler. There are also 4 mini-warehouse units for storage and asphalt parking and assigned parking. Great location behind Baken Park Shopping Strip Mall.
    Exterior Features

    Construction Hardboard Entrance Private Entrance Lot Size 2.1 Acre Lot Type Flat Parking Paved Roofing Composition Style Other View CreekCityTrees

    Interior Features

    Cooling Electric Foundation Crawl Space Heating ElectricHot WaterBaseboard

    Property Features

    Auction YN No Documents On File LeasesOther Features Some UnitsWindow CoveringsBalcony/Deck Includes All UnitsRefrigeratorRange/OvenDishwasherDisposal Miscellaneous Separate Meters Multifamily Type Other Possession Negotiable Safety Features Smoke DetectorsFire Alarm Sewer City Tenancy Type 1 Year LeaseSix Month Lease Vacancy Rate 0 - 5% Water City Will Sell CashNew Loan Zoning Conforming

    © 2020 Black Hills Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Fred Holpp of Coldwell Banker Black Hills Legacy.


    © 2020 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2020-05-24T22:16:18.473.
     
    Keller Williams Realty Black Hills
    3025 1st Avenue, Suite #2
    Spearfish SD, 57783