304 RACINE, Rapid City, SD 57701 – Rapid City Commercial

304 RACINE, Rapid City, SD 57701

0 Beds

n/a Full bath

n/a SqFt


Calling investors- do not miss this better than 7% CAP rate property! *6 unit multi-plex with steady cash flow and long term 96% occupancy rates *Consistent maintenance and upgrades make this a turn key rental property opportunity *New roof and gutters in 2019 *3 units are 1 bed/1 bath, 2 units are 2 bed/1 bath and 1 unit is a studio *Detached 2-car garage for storage *Ample parking available between designated parking spaces and on street parking *Private and communal entrances *4 of the 6 units have private washer/dryer hookups (appliances for these belong to tenant) *Kitchen appliances for all units stay *Communal dumpster on site *Flat yard space available. Centrally located near Roosevelt Swim Center and local businesses, call today! Listed by Pete Jensen, KWBH, 605-484-6713.

Property Details
Price $324,500
Property Style Up & Down
Lot Size .29
Property Type MultiFamily
Sub Type Quadruplex
Features Some Units,Fenced Area,LR/DR Combo,Kit/DR Combo,Extra Storage,Finished Basement
Exterior Features Separate Meters,Individual Heat & Air
Year Built 1924
Subdivision BLAKES ADD
View City,Trees
Roof Composition
Heating Electric,Forced Air,Gas
Foundation Basement
Lot Description Flat,Corner
Parking Description Paved,Street
Geographic Data
County Penington
Latitude 44.085558
Longitude -103.203371
Market Area North
Address Information
Address 304 RACINE, Rapid City, SD 57701
Postal Code 57701
City Rapid City
State SD
Country United States
Listing Information
Listing Agent PETE JENSEN
MLS Information
Listing Date Aug 20, 2020
Listing Last Modified Oct 2, 2020
MLS Area North
MLS # 150921

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