633 Saint Patrick St, Rapid City, SD 57701

This property is a 4-plex and is priced at a 6% CAP rate after taxes, insurance, and expenses have been removed. The buyer may be able to improve this by adding coin operated machines in the laundry room and increasing rents as they have remained the same for a long time. There is a one car garage that tenant is using without additional rent. There are separate meters but the Seller is paying Gas & Electric for Unit B ($200 per month ave). Seller pays for water for all units ($225/month ave). The Seller believes that City is planning to improve Saint Patrick Street with a new Sewer line in 2023. That would be a good time for the Buyer to put in a new sewer service line to this property.