Description
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
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0BEDS
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8.69ACRES
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0BATHS
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01/2 BATHS
Description
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
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Listing information © 2023 Mount Rushmore Area Association of REALTORS®., Inc