3454 Chapel Ln, Rapid City, SD 57702

Location, Location! This 4plex is located in the peaceful, serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Diversify your investment portfolio by owning income properties in SW Rapid City, with this 4plex earning a CAP rate of 5.5% at current rents. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and central air conditioning (no window units), washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. This property will qualify for traditional homeownership financing if you live in one of units. Talk to your mortgage lender how you can start building your own portfolio, qualify for a lower down payment, longer term, lower monthly payments. A rare find.