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1615 38TH

Rapid City, SD 57702
  • $394,900
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 165966
Price Reduced
UPDATED: 14 min ago
$394,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

Investor's Dream Triplex in Rapid City! Welcome to your next real estate investment opportunity! This fantastic 2,944 sqft triplex in the heart ofRapid City boasts an upstairs unit with three bedrooms, one bathroom, and a one-car garage currently leased at $1,000 per month, which canbe increased to around $1,700/month as soon as the lease term is up, making it an ideal steady income source. Two one-bedroom, one-bathroom units on the lower level rent for $900 each, providing additional rental income. Recent upgrades including a new roof, fresh paint, newflooring, and sheetrock keep maintenance costs low. With a convenient location, community laundry, the option for owner-occupancy upstairs,and a private yard, this property offers a versatile investment, ensuring long-term potential and the chance to enjoy comfortable living with rentalincome at your fingertips. Don't miss this fantastic investment opportunity in Rapid City! .

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© 2023 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 Berkshire Hathaway Homeservices | Midwest Realty. Data last updated: 2023-12-03T13:16:32.173.
www.blackhillssdproperties.com/homes/144238767
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1615 38TH Rapid City, SD 57702

  • Price: $394,900
  • Status: Active
  • On Site: 53 Days
  • Updated: 14 min ago
  • MLS #: 165966
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1958
Built
Neighborhood:
Leisure Acres
County:
Pennington
Area:
Southwest
Property Description
Investor's Dream Triplex in Rapid City! Welcome to your next real estate investment opportunity! This fantastic 2,944 sqft triplex in the heart ofRapid City boasts an upstairs unit with three bedrooms, one bathroom, and a one-car garage currently leased at $1,000 per month, which canbe increased to around $1,700/month as soon as the lease term is up, making it an ideal steady income source. Two one-bedroom, one-bathroom units on the lower level rent for $900 each, providing additional rental income. Recent upgrades including a new roof, fresh paint, newflooring, and sheetrock keep maintenance costs low. With a convenient location, community laundry, the option for owner-occupancy upstairs,and a private yard, this property offers a versatile investment, ensuring long-term potential and the chance to enjoy comfortable living with rentalincome at your fingertips. Don't miss this fantastic investment opportunity in Rapid City! .
Exterior Features

Construction Brick/VeneerFrame Entrance Private Entrance Lot Size .2 Lot Type InteriorRolling Parking Garage Roofing Composition Style Up & Down View Trees

Interior Features

Cooling ElectricWindow Foundation BasementWalkout Heating ElectricBaseboard

Property Features

Auction YN No Documents On File Other Features All UnitsSome UnitsKit/DR Combo Includes All Units Miscellaneous None Multifamily Type Triplex Possession Negotiable Safety Features Smoke Detectors Sewer City Tenancy Type Month to Month Vacancy Rate 0 - 5% Water City Will Sell CashNew Loan Zoning Unknown

© 2023 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Jeffery Christians of Real Broker - Spearfish: 605-609-1056.


© 2023 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 Berkshire Hathaway Homeservices | Midwest Realty. Data last updated: 2023-12-03T13:16:32.173.
 
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Berkshire Hathaway Homeservices | Midwest Realty
201 Main St., Suite 203
Rapid City SD, 57701