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3027 W Rapid

Rapid City, SD 57702
  • $349,000
  • STATUS: Active Under Contract
  • ON SITE: 60 Days
  • MLS #: 156428
Under Contract
UPDATED: 39 min ago
$349,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

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.

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© 2021 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: 2021-12-02T09:16:17.853.
www.heidrichrealestateteam.com/homes/122039737
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3027 W Rapid Rapid City, SD 57702

  • Price: $349,000
  • Status: Active Under Contract
  • On Site: 60 Days
  • Updated: 39 min ago
  • MLS #: 156428
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Green Acres
County:
Pennington
Area:
Northwest
Property Description
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.
Exterior Features

Construction Metal/Vinyl Entrance Private Entrance Lot Size .28 Lot Type Flat Parking See Remarks Roofing Composition Style Other View City

Interior Features

Cooling None Foundation Basement Heating ElectricForced AirGas

Property Features

Auction YN No Documents On File Other Features Inside Utility Room Includes RefrigeratorRange/Oven Miscellaneous Central Water Heater Multifamily Type Triplex Possession ImmediateNegotiable Safety Features Smoke Detectors Sewer City Tenancy Type 1 Year LeaseMonth To MonthNegotiableSix Month Lease Vacancy Rate 0 - 5% Water City Will Sell CashNew Loan Zoning Non-Conforming

© 2021 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Ariel Rudland of Ascend Realty Inc..


© 2021 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: 2021-12-02T09:16:17.853.
 
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Heidrich Real Estate Team | Keller Williams Black Hills Realty
2401 W Main Street
Rapid City SD, 57702