NOT LISTED FOR SALE

1925 Twin Elms Dr Rapid City, SD 57702

West Rapid City Neighborhood
9 Beds
-- Bath
-- Sq Ft
1977 Built

Last Sold September 29, 2021

Last sale price $544,000

23 Days on Market

Highlights

  • Public Water Access
  • Forced Air Heating System
  • Family Room
  • City View
  • Private Entrance

About This Home

As of September 2021

Great investment property! 5 Unit property- featuring 1: 3 bedroom/2 bath and 4: 2 bedrooms/1 bath. All New Hardy Board Siding, Roof, and Wood Shakes are currently being installed. New hallway carpet in the corridor to be installed soon as well. Commercial Coin Operated Washer and Dryer, additional income around $180 month. Commercial washer was replaced in 2020. Parking is provided in the front and back of the building for each tenant, 2 dedicated spots per unit. Room for possible garages. Owner pays water/sewer and trash for the property. Along with the gas and electric for the halls and utility room. There are 5 furnaces and 5 hot water heaters. Each apartment has a stove and refrigerator, kitchen island opens up/overlooks the living room. 2 units have current leases the other three are currently month to month. Total Rents are currently $4,150/month and raising to $4,300/month on 9/1/21.

Last Agent to Sell the Property

MELISSA JAMES

KELLER WILLIAMS REALTY BLACK HILLS Listed on: 08/02/2021

KELLER WILLIAMS REALTY BLACK HILLS

Last Buyer's Agent

Irina Lewis

COLDWELL BANKER BLACK HILLS LEGACY

COLDWELL BANKER BLACK HILLS LEGACY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,965

Year Built

  • Built in 1977

Parking

  • Paved Parking

Home Design

  • Poured Concrete
  • Frame Construction
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Family Room
  • City Views
  • Fire and Smoke Detector
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Public Septic

Additional Features

  • Public Water Access
  • Private Entrance

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • 5 Units
  • Schamber Subdivision

Building Details

  • Electric Expense $70
  • Fuel Expense $14
  • Insurance Expense $276
  • Trash Expense $82
  • Water Sewer Expense $321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,965

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: 2 Story
  • Lvt Date: 08/02/2021
  • View: City
  • Year Built: 1977
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Individual Water Heaters, Individual Heat & Air
  • Agent Only_ L A1 User Code: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Community Entrance, Private Entrance

Exterior Features

  • Construction: Frame, Hardboard
  • Foundation: Basement, Poured Concrete

Garage/Parking

  • Parking: Paved

Utilities

  • Heating: Forced Air, Gas
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 275.55
  • Electricity Expense: 70.00
  • Gas Expense: 14.00
  • Trash Expense: 81.51
  • Water Sewer Expenses: 321.1

Lot Info

  • Lot Size: .3
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease, Month to Month
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2020
  • Taxes: 5965.26

Multi Family

  • Number Of Units: 5
  • Vacancy Rate: 0 - 5%
  • Unit Features: Family Room, Kit/DR Combo

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $544,000 -6.2% --
08/02/2021 08/02/21 For Sale $579,900 +65.7% --
05/15/2019 05/15/19 Sold $350,000 +1.4% --
02/22/2019 02/22/19 For Sale $345,000 -- --
Source: Black Hills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • MELISSA JAMES

    Seller's Agent in 2021

    MELISSA JAMES

    KELLER WILLIAMS REALTY BLACK HILLS

    (605) 939-1677

    2 in this area

    6 Total Sales

    Section Image
  • Irina Lewis

    Buyer's Agent in 2021

    Irina Lewis

    COLDWELL BANKER BLACK HILLS LEGACY

    (605) 391-2329

    4 in this area

    25 Total Sales

    Section Image
  • PAULA LEWIS

    Seller's Agent in 2019

    PAULA LEWIS

    SUN REAL ESTATE

    (605) 391-4890

    2 in this area

    22 Total Sales

    Section Image
  • Ed Dreyer

    Buyer's Agent in 2019

    Ed Dreyer

    RE/MAX

    (605) 786-4564

    13 in this area

    180 Total Sales

    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 155504

Black Hills Association of REALTORS®

APN: 37-09-201-004

South Dakota Pennington County Rapid City 57702 West Rapid City

1925 Twin Elms Dr, Rapid City, SD

This home is located at 1925 Twin Elms Dr, Rapid City, SD 57702 since 02 August 2021. This property was built in 1977. 1925 Twin Elms Dr is a home located in Pennington County with nearby schools including Canyon Lake Elementary School, West Middle School, and Stevens High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Black Hills Association of REALTORS® IDX information is provided exclusively for 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 not guaranteed.

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