255/265 FEDERAL AVE $3,000,000

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    255/265 FEDERAL AVE Rapid City, SD 57702

    U/C CONTINGENCY
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    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 153446
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    Views: 73 Days On Site: 56

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    Property Details

    Attention Investors -- Opportunity is knocking with this 24-plex! All units are roughly 1100 square feet with 2 bedrooms, 2 baths, laundry hook-ups with 75-80% of the units having washer and dryers provided. Built in 2015, these units have been well maintained with some under market rents and loaded with cash-flow potential! There are 38 parking spaces, plus ample street parking, and sprinkler system. Tenants pay electricity, owner pays water/sewer/trash. Buyer to assume non-recourse Fannie Mae Small Business Loan. Balance of loan roughly $1,800,000, rate of 4.82% with under 10 years remaining on term. Call for more information or your private viewing.

    • General Features
      • Type Multiplex
      • Year Built 2015
      • Subdivision OWEN MANN TRACT
      • Area Northwest
      • County Pennington
    • Property Features
      • Parking Paved
      • Lot Size 1.06
      • Number of Units 24

    Contact

    RE/MAX Advantage

    RE/MAX Advantage

    Office

    RE/MAX Advantage

    Office Phone: 605-343-7653

    Neighborhood

    57702 (Rapid City) Demographics

    45 Median Age
    119 Population Density (per sq. mile)
    52% College Educated
    $66,763 Estimated Median Income
    10,916 Estimated Total Home Owners
    3,420 Estimated Total Renters
    76% / 24% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    34,709 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    98 New On Market

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      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,000,000
        4/7/2021 4:29:54 PM Status Changed Source New Value: U/C CONTINGENCY
        3/23/2021 12:30:00 PM New in Database Source New Value: $3,000,000

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        Information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. No reproduction, distribution, or transmission of the information at this site is permitted without written permission from RE/MAX Mountain States.

        Data last updated: 5/18/2021 6:30:42 PM


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.