$775,000
SOLD OCT 25, 2024

40 Mount Rushmore Rd Unit Creekside Apartments Custer, SD 57730

-- Bed
-- Bath
3,678 Sq Ft
0.93 Acres

Recently Sold

$211 Per Sq Ft

9% Below List Price

Highlights

  • Views
  • Private Entrance
  • Heating Available

About This Home

As of October 2024

Discover an exceptional investment opportunity at Creekside Apartments in Custer, SD! This premier 6-unit apartment building is situated in a convenient yet tranquil location within the charming city of Custer. Each unit features 2 bedrooms, 1.5 baths, and two levels of comfortable living space, equipped with essential appliances, including washers and dryers. The units also boast oversized one-stall garages, covered patios, and balconies overlooking lush green space. Designed with an open floor plan, the kitchen, dining, and living areas offer a spacious and inviting atmosphere. Several units have been completely remodeled, and all are maintained in good condition. Complete new roof and gutters in the last two years. The building enjoys many long-term tenants and has a history of full occupancy, with tenants paying all utilities. Nestled in a quiet area yet close to all the amenities Custer has to offer, Creekside Apartments stand out as the nicest rental option in the city. Current rents below market rates. Don’t miss this investment opportunity—contact us today to schedule a viewing and see firsthand why these apartments are a good investment! Sellers had appraisal done recently and can be shared with signed NDA. Two of owners are licensed Real Estate agents. Listing agent is part owner.

Last Agent to Sell the Property

Faith Lewis

Lewis Realty License #14675 Listed on: 10/28/2024

Last Buyer's Agent

NON MEMBER

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,453

Year Built

  • Built in 1973

Lot Details

  • 0.93 Acre Lot
  • Private Entrance

Parking

  • Assigned Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,678 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Electric Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for gas/electric, water/sewer
  • The owner pays for insurance, real estate taxes

Community Details

Overview

  • 3,678 Sq Ft Building

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,453

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Basement Substructure: Slab
  • Extras: View
  • Personal Property: Dishwasher, Refrigerator, Electric Range Oven, Washer, Dryer
  • Safety Features: Smoke Detectors
  • Sq Ft Above Grade: 3678
  • Style: 2 Story
  • Systems: Breaker
  • Year Built: 1973
  • Estimated Building Sq Ft: 3678
  • Includes: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer
  • Miscellaneous: Separate Meters, Individual Water Heaters, Individual Heat & Air
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Private Entrance
  • Total Sq Ft: 3678

Exterior Features

  • Construction: Frame
  • Exterior: Paved Street
  • Roof: Metal

Garage/Parking

  • Parking: Assigned, Garage

Utilities

  • Heating: Electric

Schools

  • School District: Custer
  • School District: Custer

Lot Info

  • Lot Size: .935 Acres
  • Number Of Acres: 0.93

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Gas/Electric, Water/Sewer
  • Owner Pays: Insurance, Real Estate Taxes
  • Type of Tenancy: Negotiable

Tax Info

  • RE Taxes: 13452.82
  • Re Tax Year: 23

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Dec 18, 2020
Sold by
Winmore Llc
Bought by
Lucky Enough Llc
Seller's Agent
Faith Lewis
Lewis Realty
Buyer's Agent
Faith Lewis
Lewis Realty
List Price
$799,000
Sold Price
$606,500
Premium/Discount to List
-$192,500
-24.09%
Current Estimated Value
$831,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,561
Avg. Annual Appreciation
5.68%

Purchase Details

Closed on
Apr 17, 2009
Sold by
Baldwin Gerald M and Baldwin Karen K
Bought by
Ashmore James and Ashmore Amy
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Deed $606,500 --
Contract Of Sale $363,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 For Sale $849,000 +9.5% $231 / Sq Ft
10/25/2024 10/25/24 Sold $775,000 +27.8% $211 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
12/28/2020 12/28/20 Sold $606,500 -24.1% --
10/31/2020 10/31/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $799,000 -- --
Source: Mount Rushmore Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,726 $933,929 $197,853 $736,076
2023 $13,453 $883,630 $197,853 $685,777
2022 $10,320 $580,051 $152,257 $427,794
2021 $11,000 $521,620 $110,155 $411,465
2020 $9,748 $521,620 $110,155 $411,465
2019 $8,386 $475,756 $100,211 $375,545
2018 $8,178 $390,850 $100,211 $290,639
2017 $8,178 $390,850 $100,211 $290,639
2016 $7,811 $390,850 $100,211 $290,639
2015 $7,811 $368,988 $0 $368,988
2013 -- $504,764 $0 $504,764
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 82207

Mount Rushmore Area Association of REALTORS®

APN: 008763