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Sold for $975,000 on 06/12/23
  • $975,000

    725 Fairview St, Rapid City, SD 57701

    --beds
    0baths
    --sqft
    MultiFamily
    Built in 1966
    -- sqft lot
    $868,600 Zestimate®
    $--/sqft
    $1,477 Estimated rent

    What's special

    VERY WELL MAINTAINED SIX PLEX. ONE ONE BEDROOM, FIVE TWO BEDROOM UNITS. TWO BEDROOM UNITS ARE IDENTICAL.AMPLE PARKING GOOD LOCATION CLOSE TO PARK, SHOPPING ETC. RENTS ARE LOW DUE TO LONG TERM TENANTS. UNITS 5 AND 6 HAVE LONG TERMS LEASES . UNIT 5 PAYS $650 A MONTH AND LEASE ENDS 5-15-2022. UNIT 6 PAYS $625 AND LEASE ENDS 5-15-2021. UNIT TWO HAS A ONE YEAR LEASE FOR $700. MAN AND HIS SON IF THE SON MOVES OUT RENT DROPS TO $650. UNITS 1,3, AND 4 ARE VACANT. EACH APARTMENT HAS A STORAGE UNIT. CURRENTLY COIN OPERATED WASHER AND DRYER ARE CONTRACTED WITH PRIVATE COMPANY.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Cooling
    • Wall

    Property

    Lot
    • Size: 10,454 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1966

    Community & neighborhood

    Location
    • Region: Rapid City
    Services availability