Investor's Dream Triplex in Rapid City! Welcome to your next real estate investment opportunity! This fantastic 2,944 sqft triplex in the heart of Rapid City boasts an upstairs unit with three bedrooms, one bathroom, and a one-car garage currently leased at $1,000 per month, which can be increased to around $1,700/month as soon as the lease term is up, making it an ideal steady income source. Two one-bedroom, one-bathroom units on the lower level rent for $900 each, providing additional rental income. Recent upgrades including a new roof, fresh paint, new flooring, and sheetrock keep maintenance costs low. With a convenient location, community laundry, the option for owner-occupancy upstairs, and a private yard, this property offers a versatile investment, ensuring long-term potential and the chance to enjoy comfortable living with rental income at your fingertips. Don't miss this fantastic investment opportunity in Rapid City! . . Listed by Jeffery Christians, Real Broker LLC, and co-listed by Beth Staeckeler, Real Broker LLC, 631-902-6095
Sold
$365,000
1615 38th St, Rapid City, SD 57702
5beds
--baths
1,472sqft
Triplex
Built in 1958
-- sqft lot
$384,500 Zestimate®
$248/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: February 29, 2024 at 09:16am
Listed by:
Jeffery Christians,
Real Broker Spearfish,
Beth Staeckeler,
Real Broker Spearfish
Bought with:
NON MEMBER
NON-MEMBER OFFICE
Source: Mount Rushmore Area AOR,MLS#: 77999

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Heating
- Electric, Baseboard
Cooling
- Window Evap.
Features
- Basement: Full
Interior area
- Total structure area: 1,472
- Total interior livable area: 1,472 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Entry location: Private Entrance
Lot
- Size: 8,712 sqft
Details
- Parcel number: 3704377006
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1958
Utilities & green energy
- Electric: Breaker
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Rapid City
- Subdivision: Leisure Acres
Other
Other facts
- Listing terms: Cash,New Loan
Services availability

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