811 Mallow Street, Rapid City, SD 57701
Mallow Addition · Pennington County
Key Facts
Description
Listed by Pete Jensen, KWBH, 605-484-6713. Great opportunity to add your investment porfolio- 8 unit apartment complex in central Rapid City with impressive occupancy rate and consistent rental history! Built in 2005, the building has 4 units on the upper level and 4 units on ground level, with a private parking lot. Ground level units are zero-entry for great accessibilty. Upper levels are accessed via recently refreshed decks on either end of the building. Combination of 2 bedroom/1 bathroom and 3 bedroom/2 bathroom units with rent ranging from $875-$1,075/unit, each having private entries, an open concept living space, full kitchen, private in-unit laundry and separate electric meters. Consistently improved on, units have updated kitchens, wall AC, low maintenance flooring, egress windows as needed and all appliances stay. Lots of recent preventive maintenance - water heater replacements, newer roof, deck staining, sprinkler system recharge, etc. Added income potential- room to raise rents or enjoy a strong excellent CAP rate as is. Conveniently located near downtown Rapid City, the Monument Arena and easy access to I90 and the Black Hills.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
2 Story
Year Built
2005
Living Area
5,198 sq ft
Lot Size
0.40 acres
MLS® Listing#
87915
Property Features
Appliances
Heating
Construction
Roof
Schools
- District:
- Rapid City
Directions
Heading E on Omaha St. L on Founders Park Dr. R on Philadelphia St. L on Nickel St., L on Boegel St. R on Mallow, complex is on the L.
Affordability Calculator
$199,900
Estimated monthly payment
$5,320/mo
Principal $799,600 · Est. interest $1,115,513 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Rapid City, SD
- $408,642
- Median Listing Price
- 48
- Median Days on Market
- 1,888
- Median Sq Ft
- $232
- Median Price / Sq Ft
- 620
- Active Listings
- This home’s price is 145% above the area median.
- Its price per sq ft is 17% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Rapid City, SD.
Location
Points of Interest in Rapid City, SD
Showing the Rapid City area map.
Nearby Schools
Central High School
Secondary · 0.4 mi away
Horace Mann Elementary School
Elementary · 0.5 mi away
Rapid City Area Schools
School · 0.8 mi away
Black Hills Lutheran Schools
School · 0.8 mi away
Rapid City High School
Secondary · 1.1 mi away
Dakota Middle School
School · 1.1 mi away
General Beadle Elementary School
Elementary · 1.2 mi away
North Middle School
Secondary · 1.2 mi away
Jefferson Building - 64
Elementary · 1.4 mi away
Rapid City Area School District
Elementary · 1.4 mi away
Woodrow Wilson Elementary - 17
Elementary · 1.5 mi away
Knollwood Heights Elementary
Elementary · 1.6 mi away
Wellfully Pacc
School · 1.7 mi away
Hot Rod Institute
Secondary · 1.8 mi away
Career Learning Center of the Black Hills
School · 1.9 mi away
South Park Elementary School
Elementary · 2.0 mi away
Rural America Initiatives
School · 2.1 mi away
South Middle School
Secondary · 2.2 mi away
West Middle School
Secondary · 2.2 mi away
St Elizabeth Seton School
School · 2.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3402 TAYLOR MADE DR, Rapid City, SD | $715,000 | 4 | — | 2,978 |
| 5437 WIND RIVER RD, Rapid City, SD | $719,900 | 4 | — | 2,684 |
| 3033 FLINT DR, Rapid City, SD | $725,000 | 4 | — | 3,228 |
| 1302 ST CLOUD ST, Rapid City, SD | $725,000 | 6 | — | 4,224 |
| 5740 W HWY 44, Rapid City, SD | $725,000 | 4 | — | 2,860 |
| 4950 WHISPERING PINES DR, Rapid City, SD | $729,000 | 4 | — | 3,011 |
Moving Cost Estimate
EXIT Agents in Rapid City
Listing Courtesy: Keller Williams Realty Black Hills SP