1948 HILLSVIEW DR, Rapid City, SD 57702
Description of 1948 HILLSVIEW DR, Rapid City, SD 57702
Exceptional investment opportunity in a prime Rapid City location! Situated near Canyon Lake Park, schools, shopping, and restaurants, this well-maintained 5-unit multi-family property offers immediate income with strong long-term potential. Situated on 0.9 acres, the property also includes a 28' x 15' garage, providing valuable storage space for tenants and/or owners. The complex has been updated within the past five years, including improvements to windows, doors, and electrical systems. With a proven track record of stable occupancy and long-term tenants, this property has demonstrated consistent performance over the past 16 years. Current rental rates are below market value, creating an outstanding opportunity for increased cash flow, future appreciation, and enhanced return on investment. Whether you're expanding your portfolio or seeking a quality income-producing property, this is one you won't want to miss.
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 |
| Metal exterior |
| Corner lot |
| Subdivision: SHERMAN |
| Lot zoned: Conforming |
| Smoke alarm |
| Window coverings |
| Composition roof |
| Public sewer |
| Public water |
| Units in building(s): 5 |
| For sale |