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    118 Main St

    Rapid City, SD 57701
    • $1,250,000
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 151494
    UPDATED: 29 min ago
    $1,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity to buy into the growth of Downtown Rapid City! New 9-unit apartment building in the East of 5th development in Downtown Rapid City. Completed in 2017, property located between 1st and 2nd St on the north side of Main St was gutted to the shell and reconfigured into 7 one bedroom units, 1 two bedroom unit on the 2nd floor, and a storefront office suite with covered parking adjacent to the building. Each unit has an open concept design with modern amenities - in-unit washer/dryer, dishwasher, kitchen island, hard surfaces throughout, cathedral ceilings, skylights, and large closet. Neighbors Armadillo's Ice Cream, BHFCU to the west, Fairmont Creamery Building and Dakotah Bank across the street. Close to SDSM&T, Rapid City parks and bike trails, Rapid City Civic Center, restaurants and nightlife. Growth potential with under market rents, unrealized parking income and possibility for vacation rental use. Listed by Chris Long, 605-939-4489, Keller Williams Realty Black Hills.

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    © 2020 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heidrich Real Estate Team | Keller Williams Black Hills Realty. Data last updated: 2020-10-28T22:16:17.973.
    www.heidrichrealestateteam.com/homes/110713663
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    118 Main St Rapid City, SD 57701

    • Price: $1,250,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 151494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1959
    Built
    Neighborhood:
    Original Town
    County:
    Pennington
    Area:
    City Center
    Property Description
    Opportunity to buy into the growth of Downtown Rapid City! New 9-unit apartment building in the East of 5th development in Downtown Rapid City. Completed in 2017, property located between 1st and 2nd St on the north side of Main St was gutted to the shell and reconfigured into 7 one bedroom units, 1 two bedroom unit on the 2nd floor, and a storefront office suite with covered parking adjacent to the building. Each unit has an open concept design with modern amenities - in-unit washer/dryer, dishwasher, kitchen island, hard surfaces throughout, cathedral ceilings, skylights, and large closet. Neighbors Armadillo's Ice Cream, BHFCU to the west, Fairmont Creamery Building and Dakotah Bank across the street. Close to SDSM&T, Rapid City parks and bike trails, Rapid City Civic Center, restaurants and nightlife. Growth potential with under market rents, unrealized parking income and possibility for vacation rental use. Listed by Chris Long, 605-939-4489, Keller Williams Realty Black Hills.
    Exterior Features

    Construction Concrete Block Entrance Private Entrance Lot Size 0.43 Lot Type Interior Parking PavedCarport Roofing Other Style 2 Story View City

    Interior Features

    Cooling Central Foundation Concrete Block Heating Gas

    Property Features

    Auction YN No Documents On File Owner Operating StmtLeases Features All UnitsWindow CoveringsLr/Dr Combo Includes All UnitsRefrigeratorRange/OvenDishwasherWasherDryer Miscellaneous Individual Heat &Amp; Air Multifamily Type Multiplex Possession See Remarks Safety Features Sprinkler System Sewer City Tenancy Type 1 Year LeaseMultiple Vacancy Rate 0 - 5% Water City Will Sell CashNew Loan Zoning Conforming

    © 2020 Black Hills Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Christopher Long of Keller Williams Realty Black Hills.


    © 2020 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heidrich Real Estate Team | Keller Williams Black Hills Realty. Data last updated: 2020-10-28T22:16:17.973.
     
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    Heidrich Real Estate Team | Keller Williams Black Hills Realty
    2401 W Main Street
    Rapid City SD, 57702