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7 Rodeo Street

Deadwood, SD 57732
  • $2,599,000
  • STATUS: Active
  • ON SITE: 144 Days
  • MLS #: 77949
UPDATED: 69 min ago
$2,599,000
  • 0
    BEDS
  • 1.01
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1974

School Ratings & Info

School District:

Description

Rare Investment Opportunity "KOPPER KEY APARTMENTS" in Historic Deadwood: This exceptional 20-unit apartment complex on Rodeo Street, nestled in the heart of Deadwood's historic allure, is a golden opportunity for savvy investors. Offering a mirrored layout of 1-bedroom, 1-bathroom units, including one ADA-compliant unit, this property combines accessibility with appeal. The amenities, including zero-entry access and individual locked storage closets in the common area, enhance tenant satisfaction. Additionally, each building within the complex features its own coin-operated laundry facilities, providing added convenience for residents and an additional income stream for property owners. Recent unit renovations and fresh exterior paint (as of September 2023) add to the property's appeal. With current rents ensuring a strong cash flow, coupled with a consistent historical 100% occupancy rate (The only time there are vacancies are when there are units being updated) and a usual waitlist due to its prime Deadwood location, This investment now boasts increased security along with a recent rent hike to $995.00 for all renters or tenants, capitalizing on its high demand and previously below-market rental prices, thereby enhancing your return on investment.". Don't miss out on this remarkable investment in the perfect Deadwood location! . Listed by Jeffery Christians, Real Broker LLC, and co-listed by Beth Staeckeler, Real Broker LLC, 631-902-6095

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© 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. 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. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Black Hills SD Realty are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2024-02-24T19:45:27.053.
www.blackhillsrealtyhomes.com/homes/143996055
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7 Rodeo Street Deadwood, SD 57732

  • Price: $2,599,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 69 min ago
  • MLS #: 77949
0
Beds
0
Baths
0
½ Baths
1.01
Acres
1974
Built
Neighborhood:
Deadwood/Central City
Area:
Deadwood/Central City
School District:
Lead/Deadwood
Property Description
Rare Investment Opportunity "KOPPER KEY APARTMENTS" in Historic Deadwood: This exceptional 20-unit apartment complex on Rodeo Street, nestled in the heart of Deadwood's historic allure, is a golden opportunity for savvy investors. Offering a mirrored layout of 1-bedroom, 1-bathroom units, including one ADA-compliant unit, this property combines accessibility with appeal. The amenities, including zero-entry access and individual locked storage closets in the common area, enhance tenant satisfaction. Additionally, each building within the complex features its own coin-operated laundry facilities, providing added convenience for residents and an additional income stream for property owners. Recent unit renovations and fresh exterior paint (as of September 2023) add to the property's appeal. With current rents ensuring a strong cash flow, coupled with a consistent historical 100% occupancy rate (The only time there are vacancies are when there are units being updated) and a usual waitlist due to its prime Deadwood location, This investment now boasts increased security along with a recent rent hike to $995.00 for all renters or tenants, capitalizing on its high demand and previously below-market rental prices, thereby enhancing your return on investment.". Don't miss out on this remarkable investment in the perfect Deadwood location! . Listed by Jeffery Christians, Real Broker LLC, and co-listed by Beth Staeckeler, Real Broker LLC, 631-902-6095
Exterior Features

Construction Frame Exterior Features ShedPaved Street Roof Metal Siding Wood Siding Style 1 Story

Interior Features

Approx Building Sq Ft 12160 Cooling Window Evap. Heating Baseboard Number Of Units 20 Systems Breaker

Property Features

Auction YN No Documents On File CovenantsOther (See Remarks) Flood Plainy NU Yes For Sale Or Rent For Sale Includes All UnitsSome Units Modular YN No Multi Family Property Type Other Pets Allowed YN No Possession Negotiable Safety Features Smoke Detectors Short Sale No Subdivision YN No Tenant Pays Gas/Electric Terms CashNew Loan

[Mount Rushmore Area Association of Realtors] logoListing information © 2024 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Jeffery Christians of Real Broker Spearfish: 855-450-0442.



© 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. 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. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Black Hills SD Realty are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2024-02-24T19:45:27.053.
 
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Black Hills SD Realty
4905 5th Street, Ste. 101
Rapid City SD, 57701