1948 HILLSVIEW DR, Rapid City, SD 57702
Description of 1948 HILLSVIEW DR, Rapid City, SD 57702
This 5-plex is being offered at $106,395 per unit—this well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.
Property Features of 1948 HILLSVIEW DR, Rapid City, SD 57702
Multi Family
1949
SHERMAN
Southwest
Features
| Central air |
| Forced air heat |
| Window unit air conditioner |
| Corner lot |
| Subdivision: SHERMAN |
| Lot zoned: Conforming |
| Smoke alarm |
| Window coverings |
| Composition roof |
| Public sewer |
| Public water |
| Units in building(s): 5 |
| For sale |