Rapid City (South Dakota, US - 57701)
$42,000,000

 
Details

Address: 4815 5th Street
Type: Multifamily
Style:  3 Story "3 story apartment complex"
Development Level: Under Construction
Bedrooms: n/a "see description"
Bathrooms: n/a "see description"
Garage: 18-Stalls, Detached
Size: 0 sq. ft. "see description"
Year Built: 2023
MLS#: 162236
 
Description

Listed by TJ Wojtanowicz at Black Hills SD Realty 605-863-1920. ATTENTION INVESTORS: 165 units with 72 garage stalls. 11 units with 15 apartments per unit. 4 sets of garages each with 18 spaces. Garage spaces will rent for $135 per month. Each building has 3studio apartments of 558 sq ft that will rent for $1000. 6- 1 bedroom 1 bath apartments at 774 sq ft that will rent for $1200 per month. 6 -2bedrooms, 2 bath at 1013 sq ft renting for $1400. Building 1 and 2 are almost completed and one set of garages. Completion of this project will be June 2024. Appliances will be Whirlpool stainless steel. Refrigerator, Range, Microwave and dishwasher. Washer and dryer are white stackable set in each apartment. Maintenance Free decking and railings in building corridors and stairs. Carpet in bedrooms. LVF vinyl flooring in kitchen, living room, bathrooms and washer dryer closet. Trex decking. Metal railing, balconies. Maintenance Free Fencing along the back retaining wall. Blinds in all windows. Complete landscaping package with plantings, sod and sprinkler system. Fire suppression system approved by Rapid City fire department. 72 garages total all with drywall, taped and textured, garage door opener with remote. Laminate counter tops and stainless-steel sinks. Tenants pay electric. Owner pays for garbage, Sewer, water, lawn care and snow removal. Each building will rent for $18,788 per month. Each garage set will rent for $2430 per month. Listing agent is a member of the selling LLC.
 
P2#549015601

This information is deemed reliable but not guaranteed