Rapid Valley (Rapid City, South Dakota, US - 57703) (New Construction)
$20,000,000

 
Details

Address: 1050 Valley Drive
Type: Multifamily
Style:  Multiplex
Development Level: Under Construction
Garage: 54-Stalls, Detached "3 Sets of garages with 18 spaces each"
Size: 0 sq. ft. "6 Units with 15 apartments in each"
Year Built: 2022
MLS#: 160050
 
Description

Listed with Art Koscielski and TJ Wojtanowicz at Black Hills Realty 605-939-8656. Moonlight apartment complex. 6 units with 15 apartments per unit. 3sets of garages each with 18 spaces. Garage spaces will rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that will rent for $949. 6 one bedroom 1 bath apartments at 774 sq ft that will rent for $1250 per month. 6 2 bedroom, 2 bath at 1013 sq ft renting for $1450. Building A will be completed on September 1st and building B on October 1st with one set of garages. Buildings 3 and4 with another 18 garages scheduled for completion March of 2023. Building 5 and 6 scheduled for September of 2023. Appliances will be Whirlpool stainless steel. Refrigerator, Range, Microwave and dishwasher. Washer and dryer are white stackable set in each apartment. High Treadwear carpet in building corridors and stairs. Carpet in bed rooms. LVF vinyl flooring in kitchen, living room, bathrooms and washer dryer closet. Trex decking. All metal railing balconies. 440 foot metal fence parallel to Valley Drive and two apartment complex name signs. Blinds in all windows. Complete apartment surveillance system with recording ability for all buildings exterior and interior common areas. Complete landscaping package with plantings, sod and sprinkler system. 1000 foot of new 12 inch water line installed in 2022. Fire suppression system approved by Rapid City fire department. 54 garages total all with drywall, taped and textured, garage door opener with remote. Two tone cabinets in kitchens with matching laminated counter tops and stainless steel sinks. Each building will rent for $19047 per month. Each garage set will rent for $1800per month. When completed all six buildings will rent for $114,282 per month plus $5800 for garages. Seller will entertain contract where buyer pays as buildings are completed and all rents turned over to new buyer. General contractor is Mac Construction with over 40 years of building experience.
 
P2#529287904

This information is deemed reliable but not guaranteed