Charming Historic Multifamily Home with Garage! Located in the West Boulevard Historic District, a beautifully maintained multifamily home offering great investment potential or an ideal owner-occupied setup. The main floor unit features hardwood floors, and abundant natural light, while the lower-level unit has a private entrance, ample storage, and a smart layout for rental income or extended living. A garage and off-street parking provide added convenienceâ??rare in this sought-after neighborhood. Just minutes from downtown Rapid City, Main Street Square, parks, dining, and shopping, this home blends historic charm with modern comfort in a prime location where rentals lease quickly Property is currently leased. Whether you're looking for a home with rental income or a full investment property, this is an opportunity you wonâ??t want to miss!
Listed by Ryan M. Hall Premier Properties LLC 605-209-5215. This triplex presents a fantastic investment opportunity with strong income potential. Each unit has a separate electric meter, while water and natural gas are shared, with tenants reimbursing the owner for water, sewer, and trash costs as follows: Main Floor 50%, Lower Level 25%, Upper Level 25%. Main Floor Unit: 2 bedrooms, 1 bathroom, a living room, family room, and kitchen. Currently rented for $785/month. Upper-Level Unit: 1 bedroom, 1 bathroom, and a spacious living room, accessed via a private staircase at the back of the house. Currently rented for $575/month. Lower-Level Unit: 2 bedrooms (NTC windows), 1 bathroom, a living room, and a kitchen, with a private entrance on the side of the home and is currently rented for $685/monthly. Situated in a prime location, this property is within walking distance of the Monument event center and shopping, making it highly desirable for tenants. Don't miss out on this great investment opportunity!
This tri-plex is close to downtown Rapid City, new roof and siding in 2020, new electrical meters to all three units and individual gas meters to all units, lots of off-street parking for the tenants, rents are under market and should be adjusted and a water fee should be applied, landlord replaced some windows and decking in 2023 so maintenance expenses were higher than usual, Lots of upside for the right owner, no on street parking the parking is off the alley behind the tri-plex. Seller is now offing a $2500 credit at closing to buy down the interest rate, closing costs or improvements.
Looking for a unique opportunity to have an income-generating property? Welcome to Corbin Drive! This property features 3 homes with 4 rentable units all on 1.72 acres and 2 separate lots. There are multiple opportunities with this sale: live in one unit and rent the others, rent all 4 units or buy and sell off 3 units. Current renters need 60 days notice to vacate. The house features 2 units with the upper level being 2 bedrooms, 1 bathroom and the lower level is currently unfinished ready to be finished and rented as a 1 bed, 1 bath. There is a single-wide trailer with 2 bedrooms, and 1 bathroom. There is also a double-wide manufactured home that has 4 beds, an office, 3 bathrooms, and a large 32 x 26 detached shop and 20 x 20 carport.
Rapid City is located in South Dakota. Rapid City, South Dakota has a population of 73,942. Rapid City is less family-centric than the surrounding county with 27.21% of the households containing married families with children. The county average for households married with children is 27.5%.
The median household income in Rapid City, South Dakota is $58,072. The median household income for the surrounding county is $62,546 compared to the national median of $69,021. The median age of people living in Rapid City is 38.1 years.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 14.2 degrees. The average rainfall is approximately 18.2 inches per year, with 38 inches of snow per year.
