Great investment property on the Southwest side of Rapid City. This triplex is in great shape and in a great location. 3 units total and a detached 2 car garage - Unit A (main level) is a 2 bedroom, 1 bathroom with two entrances, large living room area. Unit 2 (basement level) is a 2 bedroom, 1 bath. Unit C (upper level) is a 1 bedroom, 1 bathroom unit. New windows, separate water, electric and gas meters. Tenants are responsible for electric, water, sewer and gas. This tri-plex has ample parking, 2 car detached garage and sits on a .20 acre corner lot.
Now is the time to invest in Rapid City as it continues to grow and expand and this is a great opportunity for you!! Here is a 6 unit (3 duplexes) well maintained complex. Each unit is 2 bedroom, 1 bathroom, each includes: stove, refrigerator, window air conditioner, gas water heater, forced air and there are washer/dryer hookups in each unit. Some units have been upgraded with LVT in living room and kitchen. Ally access and off street parking. Tenant Pays electric and gas separately in their names. Each duplex is a separately plotted lot with its own legal description, possibly allowing you to sell them one at a time or all together.
Adorable ranch-style home perfectly set up to be a non-conforming duplex, investment property, or starter home! Cheery kitchen hosts white cabinets, great countertop space, and tile floor. Streams of sunshine pour into the ample-sized living room. 2 good-sized bedrooms, full bath & handy laundry complete the main level. Full walkout basement houses a kitchen, sizable living/family room area, 2 more bedrooms, 3/4 bathroom with walk-in shower, laundry area & access to the fenced-in yard. Prime central location close to coffee shops, parks, school and restaurants!
Listed by Shauna Sheets, KWBH, 605-545-5430. Pinterest Perfect investment opportunity located within walking distance to downtown Rapid City? Yes, Please! *Currently set up as an up/down short/mid term rental property, this home has been smartly updated on both levels and has a consistent rental history *Upstairs has 2 secured entrances, original hardwood floors and great natural light, a comfortable living room with dining space, galley kitchen area with painted cabinetry, butcherblock countertops and on-trend floating shelves, 1 bedroom with walk-in closet and a renovated bathroom with walk-in shower *Downstairs unit has a separate secured entrance, galley kitchen with gas stove, a cozy living room with ground level window, 1 bedroom with egress window and an updated bathroom with walk in shower *Property has a shared laundry space and a good size back yard with a recently poured concrete patio- great for entertaining family and friends *Plenty of off street parking behind the home, accessible through alley. Great location a few blocks from downtown Rapid City and near the historic West Boulevard- call to see today! **Home is being sold with adjacent lot (1108 Mt Rushmore Rd) for easy expansion of your investment. Also, home is sold turn-key and fully furnished!
Great investment opportunity! Well maintained 8 plex (2 - 4 plex units) located in the beautiful Chapel Valley area. Each unit is 2 bedrooms, 1 bathroom, approx. 854 sq and some units have a small deck or patio space. All units are baseboard heating and some have wall mounted a/c units. Many updates include new windows in 2017 and 2018, UL4 asphalt shingle roof in 2021 and some new dishwashers and water heaters in recent years just to name a few.
This Southside, high income producing duplex is an excellent opportunity. Monthly income of $2,700. All utilities are separated, even the water. All you do is rent it and maintain it. This excellent location is in between Robbinsdale Grade School and South Middle School. Grand Blvd. is a unique rounded street and there is an alley in the rear so your downstairs tenant can park in back and the upstairs tenant can park in front. Plenty of space to drive rents with 3 bedrooms up and 3 bedrooms down. Basement is out of the ground far enough to allow lots of light to come in the windows.
PRIME CORNER LOT ON WEST BLVD in the exclusive Historic district, with close walkable proximity to downtown Rapid City, this 1914 historical home presents an excellent rental opportunity. Whether it's offering short-term rentals to visitors eager to experience the city's rich history, culture, and outdoor attractions, or attracting long-term tenants this property is poised to generate steady rental income for its owners. Upon entering, visitors are greeted by the main unit, which could serve as the owner's residence or a primary rental, features spacious living areas, 3 Bedrooms and 2 Bath. Also includes two cozy studio units designed to maximize space and functionality while retaining the home's historic charm. Home features off street private parking. Home was previously rented as a quadplex. Recent upgrades include a new roof, fresh paint, upgraded deck and new appliances in the main kitchen. Weâd be delighted to have you see this home today!
Don't miss this great investment opportunity- whether you're an investor or looking for a single-family home! This adorable 3 bed/2 bath home has recently been remodeled and is ready for new owners! The home features remodeled bathrooms & kitchen, new appliances, new flooring throughout and fresh interior paint. Within the last 3-5 years the home got new siding, roof, windows and a maintenance-free front deck. On the main level you'll find a spacious mud room, kitchen, bath, 2 bedrooms, dining area and living room. On the lower level there is the master bedroom with ensuite, utility and storage room. Enjoy summer nights out on your back deck and patio. This unique property has two separate 1 bath/1 bedroom bungalows that are metered separately. Live in the home and offset your mortgage with the two rentals or use all 3 for rental properties and add this to your investment portfolio! Plenty of parking out front and back bungalow has it's own parking.
Location, Location! This 4plex is located in the peaceful, serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Diversify your investment portfolio by owning income properties in SW Rapid City, with this 4plex earning a CAP rate of 5.5% at current rents. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and central air conditioning (no window units), washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. This property will qualify for traditional homeownership financing if you live in one of units. Talk to your mortgage lender how you can start building your own portfolio, qualify for a lower down payment, longer term, lower monthly payments. A rare find.
2 well maintained townhomes for 1 price. 3630 and 3634 Chapel Lane. 3634 Chapel Lane is a 2336 sqft, 3 bedroom, 2 bath, raised ranch townhome with an attached, oversized 1 car garage. Along with the bright and airy feel of this townhome you also get a main floor laundry room, a sunroom, vaulted ceilings, an open concept main level, a gigantic family room, an unfinished storage area (which could easily be finished into a 4th bedroom), individual utilities, a large deck and fenced back yard. 3630 Chapel Lane is a 2288 sqft, 2 bedroom, 1 bath, raised ranch townhome with an attached, oversized 1 car garage. With this townhome you also get a main floor laundry room, vaulted ceilings, an open concept main level, an unfinished basement (which could be finished in the future to add 2 more bedrooms, 1 more bath and a gigantic family room), individual utilities, a deck and fenced back yard.
Come take a look at this incredible investment opportunity located just 3 minutes from The Monument, and 5 minutes from Downtown Rapid City. This property has one currently occupied unit (below market rent), one ready to lease, and one with incredible value-add opportunity. This property has a large backyard and a detached garage with tons of storage that could be used for more income. Look no further for perfect opportunity to get started in real estate investment.
Come check out this incredible value add investment opportunity located just minutes from The Monument and Downtown Rapid City. The first unit features 3 bedrooms and 1 bathroom, as well as a bonus room off the kitchen with a longterm tenant who has been here for 20 years. The downstairs unit is already gutted and ready for some sweat equity. Don't miss out on this incredible investment opportunity!
Come take a look at this perfect investment opportunity! This property features a total of 4 bedrooms and 2 bathrooms. It can be used as a single family home, or as a duplex (2 bedrooms upstairs, 2 downstairs). There is a ton of very easy value add with some simple cosmetic retouches. This property also features a one stall garage and is located on a large corner lot. Market rents are $1150 up and down. Located just seconds from The Monument and 2 minutes from Downtown Rapid City. Don't miss out on this opportunity and please feel free to walk through the property any time, as it is vacant and ready to go!
Excellent west side location for this 4 plex which consists of one home with an address of 3421 Cottonwood which has three apartments(Units 1-3)and a separate home located on the same lot with an address of 3423 Cottonwood(Unit 4) The property has had long term profitability, recent updates and currently has one vacant apartment in the 3421 Cottonwood that became available the end of May(Unit 3). Please call either your real estate agent or the listing agent to arrange your tour of the property with showings requiring a minimum of 24 hrs. Notice with showings beginning on Wednesday, May 29th. Please do not visit the property without a prearranged appointment.
Welcome to this charming Rapid City duplex just minutes from the Civic Center and downtown. The main unit has 1 bedroom, 1 bathroom and is currently being rented out on Airbnb. The basement unit has 1 bedroom and one bathroom. Enjoy recent updates including a handicap accessible bathtub in the basement, new flooring in both units and various other updates in the basement unit. This property has an expansive greenhouse and other various "self-sufficient" features with a private backyard. This property would be a great option for a income producing asset or used as a single family residence. Don't miss out, schedule your showing today!
Come and see...This duplex is a side by side duplex, sharing a front enclosed entryway. The living room and kitchen area are on the main level, as is the bath; there is a staircase down to two bedrooms in the walkout basement. Lots of light throughout the house due to the construction with the walkout of the basement into the backyard. The shared laundry utility room leads to the backyard; both units have their separate secured entrances into the utility room. There is a nice yard area in the front and a larger fenced backyard. There is an off-street parking pad in the front of the property. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home just for yourself (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. Please call; come and look!
Cottonwood Grove is an ideal investment opportunity for both seasoned investors and those looking to enter the real estate market. With its strategic location near the Rapid City Regional Airport, it attracts a diverse range of potential tenants. The 14 mobile home lots provide a steady stream of rental income, offering residents the flexibility of mobile home living. The mobile home rental offers a larger living space and is an attractive option for those seeking a more permanent housing solution The single-family home is perfect for families or individuals who desire a detached living space with a yard. The 3-unit apartment building attracts tenants looking for a multi-family living arrangement or additional income generating opportunities. The efficiency apartment is ideal for single individuals or couples seeking a more compact yet convenient living space. In addition to the existing rental options, the property boasts significant potential for further development.
For more information, please contact listing agents Michael Warwick 605-641-2569 or Heath Gran 605-209-2052 with Great Peaks Realty. Great investment opportunity in Rapid City with this fantastic fourplex. Each unit has a private entrance & offers two bedrooms and one bathroom. Appreciate off-street parking! Great investment opportunity.
Prime Investment Opportunity in Rapid City! Welcome to this 2,562 sqft triplex boasting one 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units, perfectly positioned for savvy investors. The property's recent new roof, community laundry, and a private fenced yard enhance its appeal. Its convenient location near parks, restaurants, schools, and attractions ensures a steady stream of potential tenants, making it a lucrative income generator. With ample storage, multiple cabinets, and abundant off-street parking, this triplex caters to tenant needs while offering a hassle-free investment experience. The current rents are below market value and have an opportunity to be increased from $950-1050. Don't miss this chance to capitalize on a highly desirable property in Rapid City's thriving real estate market.
Now is the time to invest in Rapid City as it continues to grow and expand and this is a great opportunity for you!! Here is a 12 unit (6 duplexes) well maintained complex. Each unit is 2 bedroom, 1 bathroom, each includes: stove, refrigerator, window air conditioner, gas water heater, forced air and there are washer/dryer hookups in each unit. Some units have been upgraded with LVT in living room and kitchen. Ally access and off street parking. Tenant Pays electric and gas separately in their names. Each duplex is a separately plotted lot with its own legal description, possibly allowing you to sell them one at a time or all together.
Listed by Pete Jensen, KWBH, 605-484-6713. Opportunity of a life time to LIVE, WORK and PLAY all on one historic property! Currently operated as a Bed and Breakfast and Hisega Adventure Lodge, this historic, top-rated property sits on 1.57 acres nestled in the heart of the Black Hills of SD. *Built in 1909, the main lodge has a rich history and has been a 5-star reviewed Black Hills seasonal retreat for 113 years *Multi-unit option: all rooms and bathrooms have been updated, come fully furnished, offering a wide range of accommodations from simple queen to deluxe suites. Common areas of the Lodge include multi-use room, a cozy library, large great room with fireplace all ideal for guests, private parties or retreats. *The large commercial kitchen is currently used by the Lodge business but could easily be used as a common area kitchen *Central courtyard with seating areas and a hot-tub *All rooms open to a covered wrap around porch, perfect for peaceful mornings by the relaxing creekside *Owners quarters on site- featuring 1 bedroom, 1 bathroom, a kitchen and private in home laundry *Additional separate duplex provides up/down accommodations, each with 2 bedrooms, 2 bathrooms with new flooring and private kitchens *Think big! VRBO or multi-unit options for business expansion! *With nearly 4,700ft of Rapid Creek frontage, this property offers a rarely offered chance to own your own private fisherman's paradise, or access nearby US Forest Service land
Rapid City is located in South Dakota. Rapid City, South Dakota has a population of 72,841. Rapid City is less family-centric than the surrounding county with 26.77% of the households containing married families with children. The county average for households married with children is 28.95%.
The median household income in Rapid City, South Dakota is $48,895. The median household income for the surrounding county is $52,245 compared to the national median of $57,652. The median age of people living in Rapid City is 37.1 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 19.8 inches per year, with 50.5 inches of snow per year.
