3454 Chapel Ln, Rapid City SD 57702 (Off Market)

For Sale, USD 605,000


3454 Chapel Ln, Rapid City SD 57702,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


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.
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3454 Chapel Ln, Rapid City SD 57702, United States,South Dakota,Rapid City is a Rapid City luxury Multi-Family Home listed for sale USD 605,000. This high end Rapid City Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Rapid City or search for luxury properties for sale in Rapid City.