Description
Huge $45k price red. 1/19/26. Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedrooms, 1 bathroom, and full kitchen. Separately metered units with electric baseboard & cove heat. One tenant said it averages around $100 per month. Large 918 sf units per DOE. All four units are fully occupied 1-year leases with 60-day notice. Units 1 & 2 are upstairs. Units 3 & 4 are downstairs. Separate coin laundry available with keyed entrance. Bottom two units have recently been remodeled. Owner pays gas ($174 total in '24), water, sewer & trash ($3,001 in '24). Tenant pays electricity. Unit four bathroom is handicap accessible. Photos from Unit 1. Other unit photos available. One other unit has newer trim/doors etc. Lakeview is one street North of Jackson Blvd. Easy walk to Canyon Lake Park and the bike path! 3,712 sf per County, priced at only $188 per foot! Cost of new construction might be $300-400/ft, let alone trying to find a a multi-family westside lot.
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N/AACRES
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01/2 BATHS
School Ratings & Info
Description
Huge $45k price red. 1/19/26. Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedrooms, 1 bathroom, and full kitchen. Separately metered units with electric baseboard & cove heat. One tenant said it averages around $100 per month. Large 918 sf units per DOE. All four units are fully occupied 1-year leases with 60-day notice. Units 1 & 2 are upstairs. Units 3 & 4 are downstairs. Separate coin laundry available with keyed entrance. Bottom two units have recently been remodeled. Owner pays gas ($174 total in '24), water, sewer & trash ($3,001 in '24). Tenant pays electricity. Unit four bathroom is handicap accessible. Photos from Unit 1. Other unit photos available. One other unit has newer trim/doors etc. Lakeview is one street North of Jackson Blvd. Easy walk to Canyon Lake Park and the bike path! 3,712 sf per County, priced at only $188 per foot! Cost of new construction might be $300-400/ft, let alone trying to find a a multi-family westside lot.
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