Affordable LIHTC apartment property located in SE Rapid City. 80 single level cottage style units, combination of 2 and 3 bedrooms. The recently remodeled clubhouse includes a community room, 2 private offices, m/w restroom, kitchen, and coin op laundry. Site also has a community basketball court and swing set on 8.69 acres. Consistently strong occupancy, 57 single garages. Current LURA agreement in place through 2045. 6% rent increase just implemented in September 2023. Video Link: https://www.youtube.com/watch?v=Uqs1nmg0pYk
Sold
$6,000,000
3151 Outlook Cir, Rapid City, SD 57701
--beds
--baths
378,536sqft
Multi Family
Built in ----
-- sqft lot
$6,308,500 Zestimate®
$16/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: April 09, 2024 at 02:53pm
Listed by:
Christopher Long,
Keller Williams Realty Black Hills RC
Bought with:
Travis Haan
Black Hills SD Realty
Source: Mount Rushmore Area AOR,MLS#: 79708

Facts & features
Interior
Heating
- Natural Gas, Forced Air
Cooling
- Evaporative Cooling
Interior area
- Total structure area: 378,536
- Total interior livable area: 378,536 sqft
Property
Parking
- Parking features: Paved, On Street, Garage
- Has garage: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 8.69 Acres
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Composition
Community & neighborhood
Location
- Region: Rapid City
- Subdivision: Superpumper Add