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$ 1,925,000
Est. payment /mo
Active
1920 Monte Vista Dr Rapid City, SD 57702
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 178143
Style 2 Story
Year Built 2003
Property Sub-Type Multiplex
Property Description
Listed by TJ Wojtanowicz at Black Hills Realty 605-863-1920. Exceptional investment opportunity in Rapid City! This 16-unit multifamily property located at 1920 & 1930 Monte Vista Drive features all 2-bedroom, 2-bath units, each offering a functional layout with private patio or deck space. The property shows strong, consistent rental performance with average rents of $1,300 per unit, providing immediate cash flow with additional upside potential through future rent adjustments. Units are highly desirable due to their size, layout, and outdoor living space—appealing to long-term tenants and helping maintain occupancy. Situated in a convenient location with easy access to shopping, dining, and major corridors, this asset offers both stability and growth potential for investors looking to expand their portfolio in the Rapid City market. Opportunities like this—well-performing, multi-unit properties with solid unit mix and income—are hard to find. Don't miss your chance to own a proven income-producing asset!
Location
State SD
County Pennington
Area Southwest
Zoning Conforming
Interior
Heating Electric, Radiant Heat, Wall
Cooling Electric, Wall
Exterior
Roof Type Composition
Building
Foundation Poured Concrete
Sewer City
Water City
Listed by BLACK HILLS REALTY
NEARBY SCHOOLS & PROPERTIES
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