1616 1st, Rapid City, SD 57701

Property Description

Excellent investment opportunity or ideal owner-occupant setup at 1616 1st St in Rapid City! This up/down duplex offers great income potential with a 3 bedroom, 1 bathroom upper unit and a fully remodeled 2 bedroom, 1 bathroom lower unit — perfect for investors or buyers looking to live in one unit while offsetting their mortgage with rental income from the other. The upper unit features a formal dining room along with newer flooring and a completely remodeled bathroom. Ceiling fans add additional comfort and efficiency throughout the home. The property has seen numerous major updates over the years including a gas furnace, hot water heater, updated water lines, upgraded electrical panel, newer roof, air conditioner, gutters, and new windows installed in 2023. The remodeled lower level has its own private entrance, separate electrical meter, and laundry hookups available both upstairs and downstairs for added convenience and flexibility. Basement bedrooms feature egress windows, adding safety and functionality. Outside, the large backyard offers excellent alley access with plenty of room to add a future garage or shop. A heavy-duty storage shed is already in place for extra storage needs. Whether you're looking to expand your rental portfolio or purchase a property with built-in income potential, this duplex is packed with opportunity!