NOT LISTED FOR SALE
7 Beds
-- Bath
-- Sq Ft
1977 Built

Last Sold April 20, 2016

Last sale price $495,000

323 Days on Market

Highlights

  • Public Water Access
  • Balcony
  • Baseboard Heating
  • City View
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of April 2016

Excellent opportunity to own an 8 unit apartment on the Westside of Rapid City. There are 7 - 2 bedroom 1 bath units and 1 - 1 bedroom, 1 bath unit. Each unit has additional storage closet. Off-street parking, building is on a corner lot. Laundry area as coin operated washer & dryer. Each unit is metered separately for the electricity which tenant is responsible. Each unit has wall air conditioner, stove & refrigerator. Unit 3 has a patio and Unit 7 has a deck. New shingles were installed 4/21/14 and the exterior trim, shutters, and interior hallways were painted 8/1/14. Various updates are done if needed when the units becomes vacant. Owner pays for water, garbage, and hot water. Call Bryan Iverson with Re/Max Results at 605-484-9422

Last Agent to Sell the Property

Bryan Iverson

TOWN & COUNTRY REAL ESTATE LLC Listed on: 04/06/2015

Last Buyer's Agent

TJ Wojtanowicz

BLACK HILLS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,032

Year Built

  • Built in 1977

Property Views

  • City Views

Home Design

  • Poured Concrete
  • Composition Roof
  • Hardboard

Outdoor Features

  • Public Water Access
  • Balcony

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Public Septic

Community Details

Overview

  • 8 Units
  • Green Acres Subdivision

Building Details

  • Electric Expense $5,300
  • Insurance Expense $4,000
  • Maintenance Expense $3,500
  • Trash Expense $970
  • Water Sewer Expense $2,400
  • Gross Income $65,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,032

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: Up & Down
  • View: City
  • Year Built: 1977
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Central Water Heater, Individual Heat & Air
  • Agent Only_ L A1 User Code: 746
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Community Entrance

Exterior Features

  • Construction: Hardboard
  • Foundation: Poured Concrete
  • Roof: Composition

Utilities

  • Air Conditioner: Electric, Wall
  • Heating: Electric, Baseboard
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 4000
  • Maintenance Expense: 3500
  • Electricity Expense: 5300
  • Trash Expense: 970
  • Water Sewer Expenses: 2400

Lot Info

  • Lot Size: .43
  • Lot Type: Flat, Corner
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease
  • Who Pays Electricity: Owner
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2015
  • Taxes: 9032

Multi Family

  • Number Of Units: 8
  • Vacancy Rate: 0 - 5%
  • Unit Features: Some Units, Balcony/Deck, LR/DR Combo, Common Utility Room

Range of Values:

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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
04/20/2016 04/20/16 Sold $495,000 -10.0% --
02/23/2016 02/23/16 Pending -- -- --
04/06/2015 04/06/15 For Sale $550,000 -- --
Source: Black Hills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Black Hills Association of REALTORS®

MLS Number: 122585

Black Hills Association of REALTORS®