811 MALLOW, Rapid City, SD 57701
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811 MALLOW, Rapid City, SD 57701
811 MALLOW, Rapid City, SD 57701
811 MALLOW, Rapid City, SD 57701
811 MALLOW, Rapid City, SD 57701
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Arnie + Tina Sharp

Arnie + Tina Sharp

+1(605) 858-9722
Listed byShauna Sheets • Keller Williams Realty Black Hills RC
$ 999,500
Est. payment /mo
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811 MALLOW Rapid City, SD 57701

5 Beds

1,975 SqFt

UPDATED:

Key Details

Property Type Residential Income

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,975 sqft

Price per Sqft $506

Subdivision Mallow Add

MLS Listing ID 87915

Bedrooms 5

HOA Y/N No

Lot Dimensions .4

Property Sub-Type Other

Property Description

Listed by Shauna Sheets, KWBH, 605-545-5430. Great opportunity to add your investment porfolio- 8 unit apartment complex in central Rapid City with impressive occupancy rate and consistent rental history! Built in 2005, the building has 4 units on the upper level and 4 units on ground level, with a private parking lot. Ground level units are zero-entry for great accessibilty. Upper levels are accessed via recently refreshed decks on either end of the building. Combination of 2 bedroom/1 bathroom and 3 bedroom/2 bathroom units with rent ranging from $875-$1,075/unit, each having private entries, an open concept living space, full kitchen, private in-unit laundry and separate electric meters. Consistently improved on, units have updated kitchens, wall AC, low maintenance flooring, egress windows as needed and all appliances stay. Lots of recent preventive maintenance - water heater replacements, newer roof, deck staining, sprinkler system recharge, etc. Added income potential- room to raise rents or enjoy a strong excellent CAP rate as is. Conveniently located near downtown Rapid City, the Monument Arena and easy access to I90 and the Black Hills.

Location

State SD

Area North

Zoning Unknown

Direction Heading E on Omaha St. L on Founders Park Dr. R on Philadelphia St. L on Nickel St., L on Boegel St. R on Mallow, complex is on the L.

Interior

Interior Features None

Heating Electric

Cooling Mini Split

Exterior

Exterior Feature Private Entrance

Parking Features Paved

View Y/N Yes

Roof Type Composition

Garage No

Building

Foundation Concrete Perimeter

Sewer City (at site)

Water Public

Level or Stories Two

Others

Security Features Fire Suppression

Acceptable Financing Cash, New Loan

Listing Terms Cash, New Loan

Arnie + Tina Sharp

ARNIE + TINA SHARP

Phone

+1(605) 858-9722

Address

628 Jackson Blvd, Rapid City, SD 57702-2526, USA

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