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3454 Chapel Ln

Rapid City, SD 57702
  • $615,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 168373
Price Reduced
UPDATED: 82 min ago
$615,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Ratings & Info

Description

Location, Location! This 4plex is located in the peaceful, serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Diversify your investment portfolio by owning income properties in SW Rapid City, with this 4plex earning a CAP rate of 5.5% at current rents. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and central air conditioning (no window units), washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. This property will qualify for traditional homeownership financing if you live in one of units. Talk to your mortgage lender how you can start building your own portfolio, qualify for a lower down payment, longer term, lower monthly payments. A rare find.

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© 2024 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2024-06-15T08:16:28.2.
www.blackhillshomesd.com/homes/149998337
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3454 Chapel Ln Rapid City, SD 57702

  • Price: $615,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 82 min ago
  • MLS #: 168373
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1978
Built
Neighborhood:
Chapel Lane Vlg
County:
Pennington
Area:
Southwest
Property Description
Location, Location! This 4plex is located in the peaceful, serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Diversify your investment portfolio by owning income properties in SW Rapid City, with this 4plex earning a CAP rate of 5.5% at current rents. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and central air conditioning (no window units), washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. This property will qualify for traditional homeownership financing if you live in one of units. Talk to your mortgage lender how you can start building your own portfolio, qualify for a lower down payment, longer term, lower monthly payments. A rare find.
Exterior Features

Construction Frame Entrance Community EntranceMore than 1 per AptPrivate Entrance Lot Size .17 Lot Type Flat Parking Paved Roofing Composition Style Up & Down View City

Interior Features

Cooling CentralElectric Foundation Poured Concrete Heating Forced AirHeat Pump

Property Features

Auction YN No Documents On File Other Features Window CoveringsFurnishedKit/DR ComboInside Utility Room Includes DryerRange/OvenRefrigeratorWasher Miscellaneous Dead Bolt LocksIndividual Water HeatersSeparate Meters Multifamily Type Fourplex Possession Negotiable Safety Features Smoke Detectors Sewer City Tenancy Type Month to Month Vacancy Rate 0 - 5% Water Association Will Sell CashNew Loan Zoning Conforming

© 2024 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Pam Hansen of BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY: 605-791-2340.


© 2024 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2024-06-15T08:16:28.2.
 
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Keller Williams Realty Black Hills
2401 W Main Street
Rapid City SD, 57702