1948 Hillsview DrRapid City, SD 57702

Description

This 5-plex is being offered at $106,395 per unit—this well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1949

Zoning

Conforming

Days on market

90

MLS^® Listing#

179920

Property Features

Cooling

Central Air · Window Unit(s)

Heating

Forced Air

Lot features

Corner Lot

Construction

Metal Siding

Roof

Composition

Windows

Window Coverings

Security

Smoke Detector(s)

Sewer

Public Sewer

Water source

Public