Great opportunity to start or expand your growing multi-plex portfolio! Trending 2019 NOI $83,634/$875,000 = 9.55% cap rate! 6 duplex properties in one central location East of Haines Avenue in Rapid City! Seller has done a great job with improving the properties, the rents and the quality of tenants! Each unit features it's own gas hot water heater tank/system and HVAC system - with the Tenants paying for all of their own utilities to run their homes, you have a more controllable net income! Each duplex comes with its own unique legal description allowing you to sell them one at a time or all together! Each unit has its own washer and dryer hookups as well as off-street parking. Alley access. Top of the hill views! Walking distance to schools and shopping. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.
Regina MuellerMueller & Mueller Associates
RE/MAX AdvantageMobile Phone: 605-391-8112
57701 (Rapid City) Demographics
Market Last 30 Days
Average Days on Market
Properties for Sale
|--||New Value: $875,000|
|2/6/2019 4:30:00 PM||New Value: $875,000|
|11/5/2018 5:57:00 PM||New Value: $898,000|
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Data last updated: 3/23/2019 6:30:40 PM