Description

Rare opportunity to acquire a very well-established and well-maintained income producing 80-unit apartment property in Southeast Rapid City. Sitting on approximately 8.69 acres, the property offers a unique setting with all 80 residences arranged as single-level units and 57 garages. The unit mix consists of attractive two- and three-bedroom floor plans. The property has demonstrated consistently strong occupancy with a wait list. Residents can enjoy a recently renovated clubhouse featuring a large community gathering room, two private offices, 2 restrooms, a kitchen, and laundry facilities with coin operated washer and dryers. Additional outdoor amenities include a basketball court and playground. With its single-story configuration, substantial acreage, established occupancy history, and on-site amenities, this property represents an opportunity to acquire a sizable multifamily asset in Rapid City, close to local amenities. For additional information or to schedule a showing, contact Ariel Rudland, West River Realty 605-786-4816 or Travis Haan, Black Hills Realty 605-415-2344

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Property information

Property type

Residential Income

Sub-type

Multi Family

Year built

2004

Days on market

4

Zoning

Conforming

Features

Cooling

Central Air

Heating

Forced Air

Lot

Cul-De-Sac · Level

Roof

Composition

Sewer / Water

Public Sewer · Public