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255/265 Federal Ave

Rapid City, SD 57702
  • $3,000,000
  • STATUS: Active Under Contract
  • ON SITE: 128 days
  • MLS #: 153446
Under Contract
UPDATED: 31 min ago
$3,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2015
County:
Area:

School Ratings & Info

Description

Attention Investors -- Opportunity is knocking with this 24-plex! All units are roughly 1100 square feet with 2 bedrooms, 2 baths, laundry hook-ups with 75-80% of the units having washer and dryers provided. Built in 2015, these units have been well maintained with some under market rents and loaded with cash-flow potential! There are 38 parking spaces, plus ample street parking, and sprinkler system. Tenants pay electricity, owner pays water/sewer/trash. Buyer to assume non-recourse Fannie Mae Small Business Loan. Balance of loan roughly $1,800,000, rate of 4.82% with under 10 years remaining on term. Call for more information or your private viewing.

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© 2021 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or VIP Properties. Data last updated: 2021-07-30T07:16:15.077.
www.rapidcityhomes4sale.com/homes/115390591
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255/265 Federal Ave Rapid City, SD 57702

  • Price: $3,000,000
  • Status: Active Under Contract
  • Updated: 31 min ago
  • MLS #: 153446
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2015
Built
Neighborhood:
Owen Mann Tract
County:
Pennington
Area:
Northwest
Property Description
Attention Investors -- Opportunity is knocking with this 24-plex! All units are roughly 1100 square feet with 2 bedrooms, 2 baths, laundry hook-ups with 75-80% of the units having washer and dryers provided. Built in 2015, these units have been well maintained with some under market rents and loaded with cash-flow potential! There are 38 parking spaces, plus ample street parking, and sprinkler system. Tenants pay electricity, owner pays water/sewer/trash. Buyer to assume non-recourse Fannie Mae Small Business Loan. Balance of loan roughly $1,800,000, rate of 4.82% with under 10 years remaining on term. Call for more information or your private viewing.
Exterior Features

Construction Hardboard Entrance Private Entrance Lot Size 1.06 Lot Type FlatCorner Parking Paved Roofing Composition Style High Rise View Hills

Interior Features

Cooling ElectricCentral Foundation SlabPoured Concrete Heating ElectricForced AirHeat Pump

Property Features

Auction YN No Documents On File Owner Operating StmtOther Features All UnitsHookupsWindow CoveringsInside Utility Room Includes All UnitsRefrigeratorRange/OvenDishwasherDisposalMicrowave Miscellaneous Separate MetersPet RestrictionsIndividual Water HeatersIndividual Heat &Amp; AirDead Bolt Locks Multifamily Type Multiplex Possession Immediate Safety Features Smoke DetectorsSprinkler SystemFire Alarm Sewer City Tenancy Type 1 Year LeaseMultiple Vacancy Rate 0 - 5% Water City Will Sell Other Zoning Conforming

© 2021 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Lisa Mueller of Coldwell Banker Black Hills Legacy.


© 2021 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or VIP Properties. Data last updated: 2021-07-30T07:16:15.077.
 
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VIP Properties
2828 West Main Street
Rapid City SD, 57702