Great income producing property on the Northwest side of Rapid City. This triplex is in great shape and in a great location. 3 units total with private entrances, 2 units have been remodeled plus a private coin operated laundry room. Great cap rate of 7.5%. Unit 1 (upper level) is a 2 bedroom 1 bathroom with an office (one bedroom is a walk-through). Unit 2 (main level) is a 2 bedroom, 1 bath. Unit 3 (lower level) is a 1 bedroom, 1 bathroom unit with an office space (bedroom not to code). Lower unit was used as an air bnb from August to October with a great return. Owner pays water, sewer and gas. Tenants are responsible for electric. Ample gravel parking lot to the back of the property for unit 1 and 3. Unit 2 (main level) has a driveway. Seller is a licensed Real Estate agent.
Off market
$459,800
3027 W Rapid St, Rapid City, SD 57702
--beds
0baths
1,616sqft
MultiFamily
Built in 1940
-- sqft lot
$459,800 Zestimate®
$285/sqft
$1,353 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Interior area
- Total interior livable area: 1,616 sqft
Property
Lot
- Size: 0.28 Acres
Details
- Parcel number: 2034361002
- Zoning: Non-conforming
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1940
Utilities & green energy
- Sewer: City
Community & neighborhood
Location
- Region: Rapid City
Other
Other facts
- Type: Triplex
- CONSTRUCTION: Metal/Vinyl
- ENTRANCE: Private Entrance
- HEATING: Forced Air, Gas, Electric
- INCLUDES: Refrigerator, Range/Oven
- LOT TYPE: Flat
- POSSESSION: Negotiable, Immediate
- ROOF: Composition
- SAFETY FEATURES: Smoke Detectors
- SEWER: City
- TYPE OF TENANCY: Six Month Lease, Negotiable, Month to Month, 1 Year Lease
- UNIT FEATURES: Inside Utility Room
- VACANCY RATE: 0 - 5%
- VIEW: City
- WATER: City
- MISCELLANEOUS: Central Water Heater
- FOUNDATION: Basement
- ZONING: Non-conforming
- PARKING: See Remarks
- STYLE: Other
- Area: Northwest
- Subdivision: GREEN ACRES