NOT LISTED FOR SALE

7284 Sutton Dr Rapid City, SD 57702

Nemo Road Neighborhood
8 Beds
-- Bath
2,583 Sq Ft
2015 Built

Last Sold July 20, 2021

Last sale price $1,100,000 $426 Per Sq Ft

3 Days on Market

Highlights

  • Public Water Access
  • Balcony
  • Cooling System Mounted In Outer Wall Opening
  • View of Hills
  • Brick or Stone Veneer
  • Patio

About This Home

As of July 2021

Attention Investors! 10-plex available for sale. This complex has a 6 unit building with 4 - two bedroom units and 2- one bedroom units. The one bedroom units have outside entrances. The others share a common area entrance. The second building has 4 - two bedroom units with 2 of the units having 2 bathrooms. All of these units share a common area entrance. All building entrances are secure. All units have decks or patios. Every apartment has its own laundry and wall air units as well. The one bedroom units have electric heat, which those tenants pay. All of the two bedroom units have boiler heat, paid by the Owner. There are 4 garages with the ability to build 4 more for increased cash flow. There is a 5-year moratorium for property taxes in place through 2021. The buildings were moved to the site and completely remodeled in 2015. They are also on an upgraded septic system. Call for more information or your private showing.

Last Agent to Sell the Property

Lisa Mueller

COLDWELL BANKER BLACK HILLS LEGACY Listed on: 04/26/2021

COLDWELL BANKER BLACK HILLS LEGACY

Last Buyer's Agent

Jessica Smith

RE/MAX RESULTS

RE/MAX RESULTS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2015

Parking

  • Paved Parking

Home Design

  • Brick or Stone Veneer
  • Poured Concrete
  • Composition Roof
  • Hardboard

Interior Spaces

  • 2,583 Sq Ft Home
  • 2-Story Property
  • Views of Hills
  • Crawl Space
  • Fire and Smoke Detector

Outdoor Features

  • Public Water Access
  • Balcony
  • Patio

Lot Details

  • Private Entrance

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Gas
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • 10 Units
  • Sutton Add Subdivision

Building Details

  • Fuel Expense $2,241
  • Insurance Expense $7,854
  • Maintenance Expense $1,191
  • Other Expense $1,147
  • Professional Management Expense $5,233
  • Trash Expense $1,013
  • Water Sewer Expense $3,515
  • Gross Income $105

Property Details

Home Type

Multi-Family

Year Built

Built in 2015

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: 2 Story
  • Lvt Date: 04/26/2021
  • View: Hills
  • Year Built: 2015
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer, Microwave
  • Miscellaneous: Separate Meters, Central Water Heater, Individual Heat & Air, Multi-Unit Heat & Air
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Community Entrance, Private Entrance
  • Main Level Sq Ft: 2583
  • Total Sq Ft: 2583

Exterior Features

  • Construction: Hardboard, Stone/Veneer
  • Foundation: Crawl Space, Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Utilities

  • Air Conditioner: Electric, Wall
  • Heating: Gas, Hot Water
  • Sewer: Septic
  • Water: City

Fee Information

  • Insurance Expense: $7854
  • Maintenance Expense: $1191
  • Total Expenses: $24,126
  • Gas Expense: $2241
  • Management Expense: $5233
  • Other Expense: $1147
  • Trash Expense: $1013
  • Water Sewer Expenses: $3515

Lot Info

  • Lot Size: 1.18 acres
  • Lot Type: Flat, Corner
  • Zoning: Conforming

Rental Info

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

Tax Info

  • Year: 2020
  • Taxes: $1,007.28

Multi Family

  • Number Of Units: 10
  • Vacancy Rate: 0 - 5%
  • Unit Features: Some Units, Hookups, Patio, Balcony/Deck, Kit/DR Combo, Inside Utility Room
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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 List to Sale Price per Sq Ft
07/20/2021 07/20/21 Sold $1,100,000 -2.2% $426 / Sq Ft
04/26/2021 04/26/21 For Sale $1,125,000 -- $436 / Sq Ft
Source: Black Hills Association of REALTORS®

Agents Affiliated with this Home

  • Lisa Mueller

    Seller's Agent in 2021

    Lisa Mueller

    COLDWELL BANKER BLACK HILLS LEGACY

    (605) 390-7137

    3 in this area

    116 Total Sales

    Lisa Mueller
    Section Image
  • Jessica Smith

    Buyer's Agent in 2021

    Jessica Smith

    RE/MAX

    (605) 430-3800

    5 in this area

    119 Total Sales

    Jessica Smith
    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 153901

Black Hills Association of REALTORS®
South Dakota Meade County Rapid City 57702 Nemo Road

7284 Sutton Dr, Rapid City, SD

Not Listed for Sale

MultiFamily

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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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