1 OTHER, Rapid City, SD 57701
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
Multi Family
1950
OTHER
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 |
