4002 Lakeview Dr new Save Request In-Person Tour Request Virtual Tour
Rapid City,SD 57702
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision Hughes Tract
MLS Listing ID 175547
Style 2 Story
Year Built 1987
Property Sub-Type Fourplex
Property Description
Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedrooms, 1 bathroom, and full kitchen. Separately metered units with electric baseboard & cove heat. One tenant said it averages around $100 per month. Large 918 sf units per DOE. All four units are fully occupied 1-year leases with 60-day notice. Units 1 & 2 are upstairs. Units 3 & 4 are downstairs. Separate coin laundry available with keyed entrance. Bottom two units have recently been remodeled. Owner pays gas ($174 total last year), water, sewer & trash ($3,001 in '24). Tenant pays electricity. Unit four bathroom is handicap accessible. Photos from Unit 1. Other unit photos available. One other unit has newer trim/doors etc. Lakeview is one street North of Jackson Blvd. Easy walk to Canyon Lake Park and the bike path! 3,712 sf per County, priced at only $205 per foot! Cost of new construction might be $300-400/ft, let alone trying to find a a multi-family westside lot.
Location
State SD
County Pennington
Area Southwest
Zoning Conforming
Interior
Heating Electric,Baseboard,Other
Cooling Electric,Wall
Exterior
Roof Type Composition
Building
Foundation Slab,Poured Concrete
Sewer City
Water City