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123-211 E Nowlin

Rapid City, SD 57701
  • $1,320,000
  • STATUS: Active Under Contract
  • ON SITE: 133 Days
  • MLS #: 155425
Under Contract
$1,320,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

Great opportunity to invest in Rapid City's increasingly competitive housing market boosted by the expansion of Ellsworth Air Force Base and South Dakotas business-friendly climate. Well-maintained, fully leased 12 unit property in 6 duplexes. 2 bed, 1 bath units include stove, refrigerator, window air conditioner, washer/dryer hookups in each unit. Each building is a separately platted lot. Monthly rents from $695 to $760 with additional $35 utility fee. Room for rent increases to match current market rates as well as opportunities for value-add upgrades for additional income. Low-Income Housing Tax Credit (LIHTC) qualified census tract. Most units upgraded with LVT in living and kitchen, carpeted bedrooms and updated countertops, cabinets and bathroom fixtures. Listed by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.

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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 Black Hills SD Realty. Data last updated: 2021-12-09T00:16:15.6.
www.blackhillsrealtyhomes.com/homes/119809930
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123-211 E Nowlin Rapid City, SD 57701

  • Price: $1,320,000
  • Status: Active Under Contract
  • On Site: 133 Days
  • MLS #: 155425
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
Nowlin & Wood
County:
Pennington
Area:
North
Property Description
Great opportunity to invest in Rapid City's increasingly competitive housing market boosted by the expansion of Ellsworth Air Force Base and South Dakotas business-friendly climate. Well-maintained, fully leased 12 unit property in 6 duplexes. 2 bed, 1 bath units include stove, refrigerator, window air conditioner, washer/dryer hookups in each unit. Each building is a separately platted lot. Monthly rents from $695 to $760 with additional $35 utility fee. Room for rent increases to match current market rates as well as opportunities for value-add upgrades for additional income. Low-Income Housing Tax Credit (LIHTC) qualified census tract. Most units upgraded with LVT in living and kitchen, carpeted bedrooms and updated countertops, cabinets and bathroom fixtures. Listed by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.
Exterior Features

Construction FrameWood Entrance Private Entrance Lot Size 0.89 Lot Type FlatCorner Parking PavedStreetOff SiteSee Remarks Roofing OtherTar &Amp; Gravel Style 1 Story View City

Interior Features

Cooling Wall Foundation Poured Concrete Heating Forced Air

Property Features

Auction YN No Documents On File Leases Features All UnitsHookupsLr/Dr Combo Includes All UnitsRefrigeratorRange/Oven Miscellaneous Separate MetersIndividual Water HeatersIndividual Heat &Amp; Air Multifamily Type Multiplex Possession Subject To Tenant Safety Features Smoke Detectors Sewer City Tenancy Type 1 Year LeaseMonth To Month Vacancy Rate 0 - 5% Water City Will Sell CashNew Loan Zoning Conforming

© 2021 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Christopher Long of Keller Williams Realty Black Hills.


© 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 Black Hills SD Realty. Data last updated: 2021-12-09T00:16:15.6.
 
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Black Hills SD Realty
4905 5th Street, Ste. 101
Rapid City SD, 57701