Listing ID: 160591
Price: $3,525,000
Status: ACTIVE
Address: 102 N MAPLE AVE
City: Rapid City
State: South Dakota
Postal Code: 57701
County: Pennington
Subdivision: FAYE TRACT
Rapid City
Excellent multi-family investment opportunity with a great rate of return and proven financial history. This property features 39 units, each with their own kitchenette. Property was converted from a motel into apartments in the past few years. The units have a great rustic modern design with hickory cabinets. This property has performed extremely well year round since it has opened with very little vacancies. Listed by Trevor Johnson with Re/Max Results 605-431-2032.

Primary Features

Area: City Center
County: Pennington
Style: 2 Story
Subdivision: FAYE TRACT
Year Built: 1997
Zoning: Unknown


Construction: Brick/Veneer
Entrance: Private Entrance
Includes: All Units, Refrigerator, Microwave
Lot Size: .53
Lot Type: Flat, Corner
Miscellaneous: Master Meters,Individual Water Heaters,Central Water Heater,Individual Heat &amp, Air,Dead Bolt Locks
Parking: Paved
Safety Features: Smoke Detectors, Sprinkler System
Sewer: City
Type of Tenancy: 1 Year Lease, Negotiable
Unit Features: Window Coverings, Furnished
Water: City
Will Sell: Cash, New Loan

Interior Features

Air Conditioning: Electric, Central, Wall
Heating: Electric, Gas
Number of Units: 39

Financial Details

Auction: no
Vacancy Rate: 0 - 5%

External Features

Foundation: Basement, Crawl Space
Roof: Other

Location Information

View: Creek, City

Zoning Info

The content relating to real estate for sale on this web site comes in part from the IDX program of the Blackhills MLS. Listing content is © 2022 Blackhills MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. This information was last updated as of date specified below. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Keller Williams Realty Sioux Falls directly for additional information pertaining to the status and availability of properties displayed on this website. Listing Courtesy of TREVOR JOHNSON, RE/MAX RESULTS.

Contact - Listing ID 160591

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Christian Morrison

6209 Oleander Drive, Suite 204
Sioux Falls, SD 57108
Phone: 605-941-2215

Data services provided by IDX Broker
Inquire Now
Mortgage Calculator
Contact Agent
Agent Picture

Christian Morrison