Affordable LIHTC apartment property located in SE Rapid City. 80 single level cottage style units, combination of 2 and 3 bedrooms. The recently remodeled clubhouse includes a community room, 2 private offices, m/w restroom, kitchen, and coin op laundry. Site also has a community basketball court and swing set on 8.69 acres. Consistently strong occupancy, 57 single garages. Current LURA agreement in place through 2045. 6% rent increase just implemented in September 2023. Video Link: https://www.youtube.com/watch?v=Uqs1nmg0pYk
Sold for $6,000,000 on 03/31/24
$6,000,000
3151 Outlook Cir, Rapid City, SD 57701
--beds
--baths
378,536sqft
Multi Family
Built in ----
-- sqft lot
$2,036,500 Zestimate®
$16/sqft
$1,806 Estimated rent
Home value
$2,036,500
$1.67M - $2.63M
$1,806/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 09, 2024 at 02:53pm
Listed by:
Christopher Long,
Keller Williams Realty Black Hills RC
Bought with:
Travis Haan
Black Hills SD Realty
Source: Mount Rushmore Area AOR,MLS#: 79708
Facts & features
Interior
Heating
- Natural Gas, Forced Air
Cooling
- Evaporative Cooling
Interior area
- Total structure area: 378,536
- Total interior livable area: 378,536 sqft
Property
Parking
- Parking features: Paved, On Street, Garage
- Has garage: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 8.69 Acres
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Composition
Community & neighborhood
Location
- Region: Rapid City
- Subdivision: Superpumper Add
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2024 | Sold | $6,000,000-6.3%$16/sqft |
Source:  Mount Rushmore Area AOR #79708 | ||
| 11/13/2023 | Listing removed | -- |
Source:  Black Hills AOR #165464 | ||
| 8/31/2023 | Listed for sale | $6,400,000$17/sqft |
Source: Mount Rushmore Area AOR #77580 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 57701
Nearby schools
GreatSchools rating
- 2/10Robbinsdale Elementary - 14Grades: PK-5Distance: 0.8 mi
- 3/10South Middle School - 36Grades: 6-8Distance: 1.3 mi
- 2/10Central High School - 41Grades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- District: Rapid City
Source: Mount Rushmore Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.