$2,311,000
MLS #: 179999

Description of 1 OTHER, Rapid City, SD 57701

Listed by Tony Marshall, 605-391-8669. A rare opportunity to acquire 7 duplexes and 1 triplex—all maintained and all in close proximity of each other in the Blaine/N. Maple neighborhoods. These properties have long-term, high-performing rent rolls with stable occupancy and proven cash flow, making them an exceptional addition to any portfolio. The current owner has relocated out of the area and the long-time maintenance manager is retiring, creating a natural transition point for a new investor to step in and supercharge their real estate portfolio. Offered at an 8.5% cap rate based on trailing 12-month performance, supported by consistent rental history. Currently, 12 of the 17 units have at least 6 months remaining on their leases. Seller financing will be considered for qualified buyers, providing flexible acquisition options. Property features across the portfolio include: Side-by-side and up/down layouts, units with 2-car garages, walkouts and raised ranch designs, coin-operated laundry in select buildings, multiple storage sheds & fenced yards. This is a turnkey, income-producing portfolio with strong fundamentals. Investors seeking durable cash flow and geographic efficiency will find tremendous value here.

Property Features of 1 OTHER, Rapid City, SD 57701

TYPE
Multi Family
Year Built
1950
Subdivision
OTHER
Community
North
Features
Electric heat
Baseboard heat
Forced air heat
Garage
On street parking
Metal exterior
Frame exterior
Corner lot
Lot has rolling hills
Lot has city view
Level lot
Subdivision: OTHER
Lot zoned: Unknown
Smoke alarm
Window coverings
Furnished
Composition roof
Crawlspace
Finished basement
Public sewer
Public water
Units in building(s): 17
For sale
Courtesy of: CINC REALTY LLC TONY MARSHALL

Homes for Sale Nearby 1 OTHER, Rapid City, SD 57701

Recent Sales Nearby 1 OTHER, Rapid City, SD 57701


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