$16,500,000
MLS #: 179267

Description of 1050 VALLEY DR, Rapid City, SD 57701

Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.

Property Features of 1050 VALLEY DR, Rapid City, SD 57701

TYPE
Multi Family
Year Built
2021
Subdivision
DIAMOND RIDGE SUBD
Community
Rapid Valley
Features
Central air
Electric heat
Forced air heat
Garage
Stone exterior
Patio
Level lot
Subdivision: DIAMOND RIDGE SUBD
Lot zoned: Conforming
Handicap access
Security system
Smoke alarm
Window coverings
Composition roof
Crawlspace
Public sewer
Public water
Units in building(s): 90
For sale
Courtesy of: BLACK HILLS REALTY ART KOSCIELSKI

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