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$2,311,000

Est. payment - /mo

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Active

1 OTHER Rapid City, SD 57701

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Jarred Curry

realtorjarred@gmail.com +1(605) 939-0990

UPDATED:

Key Details

Property Type Single Family Home, Residential Income

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 179999

HOA Y/N No

Year Built 1950

Lot Dimensions varies

Property Sub-Type Other

Property Description

Listed by Tony Marshall, 605-391-8669. A rare opportunity to acquire 7 duplexes and 1 triplex—all maintained and all in close proximity of each other in the Blaine/N. Maple neighborhoods. These properties have long-term, high-performing rent rolls with stable occupancy and proven cash flow, making them an exceptional addition to any portfolio. The current owner has relocated out of the area and the long-time maintenance manager is retiring, creating a natural transition point for a new investor to step in and supercharge their real estate portfolio. Offered at an 8.5% cap rate based on trailing 12-month performance, supported by consistent rental history. Currently, 12 of the 17 units have at least 6 months remaining on their leases. Seller financing will be considered for qualified buyers, providing flexible acquisition options. Property features across the portfolio include: Side-by-side and up/down layouts, units with 2-car garages, walkouts and raised ranch designs, coin-operated laundry in select buildings, multiple storage sheds & fenced yards. This is a turnkey, income-producing portfolio with strong fundamentals. Investors seeking durable cash flow and geographic efficiency will find tremendous value here.

Location

State SD

County Pennington

Area North

Zoning Unknown

Direction Various locations between Blaine Avenue and Milwaukee Avenue + E. Philadelphia.

Interior

Interior Features LR/DR Combo, Common Utility Room, Storage

Heating Electric, Forced Air, Baseboard

Cooling Electric, None, Wall Unit(s)

Window Features Window Coverings

Exterior

Exterior Feature Private Entrance

Parking Features Garage, On Street

Fence Fenced

Utilities Available Master Meters, Separate Meters

View Y/N No

View City

Roof Type Composition

Garage Yes

Building

Sewer Public Sewer

Water Public

Listed byCINC REALTY LLC

Schools and Properties Nearby

Jarred Curry

Broker Associate

+1(605) 939-0990 | realtorjarred@gmail.com

1 OTHER Rapid City, SD 57701

Jarred Curry

Key Details

Location

Interior

Exterior

Building

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