1 of 8
Multi Family
Tools
Size
1.37 Acres
Exterior
Financial
$2,195,000
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Listing Details
Multi Family
Property type
8436363
Web Id
77311
MLS ID
321
Days Posted
Description
610 E E North Street, Rapid City, SD 57701
Great investment opportunity in the affordable rental market. Budget Inn currently operates as a weekly/monthly rental business with 38total rental units. The main building consists of 26 fully furnished studio units on two levels with a full basement for laundry and storage of equipment/furniture. There are 11 stand alone cabins ranging in size from studio to 2 bedroom, most with kitchenette and dedicated parking. All rental units have fire sprinklers. The office building has the rental office on the main floor with a managers apartment on the upper level. Weekly rates range from $230-$250/unit, monthly rates range from $840-$880/unit. With reduced inventory in the north Rapid City rental market and the lack off affordable housing, the property runs near 100% occupancy at all times.
This is an Active listing.
Broker Office Phone Number: 605-343-7500
Copyright © 2023Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 605-343-7500
Copyright © 2023Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Refrigerator
Price History
| date | Price | variance | type |
|---|---|---|---|
| 7/12/2023 | $2,195,000 | - | Listed |
Listing By: Keller Williams Realty Black Hills RC via Data Source: Mt. Rushmore Area Association of Realtors
listing agent: Christopher Long
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