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$1,649,000
89161 MLS
Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Outstanding investment opportunity in West Rapid City! This 27-unit apartment complex offers an excellent mix of units including 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit. The property also features an on-site laundry facility with washers and dryers, six rentable garages providing additional income, plus one dedicated management garage. Tenants pay their own electricity while ownership pays water, sewer, boiler heat, and other common area expenses, creating a straightforward management structure with strong upside potential. Located in a desirable west side neighborhood near Canyon Lake, shopping, restaurants, medical facilities, schools, and major employers, the property benefits from a highly sought-after rental location with convenient access throughout Rapid City. Current ownership has maintained strong occupancy, and there is significant opportunity to increase rental income through future rent adjustments, operational efficiencies, and continued property improvements. This is an excellent value-add opportunity for investors seeking stable cash flow with long-term appreciation potential in one of Rapid City's strongest rental markets. Whether you are expanding your portfolio or completing a 1031 Exchange, this well-located multifamily investment offers immediate income, additional garage revenue, and substantial upside. Financial information available

3313 Leland Lane, Rapid City

$559,900
5 Beds 180554 MLS
Welcome to Elks Country Estates, where low maintenance living meets comfort, space, and convenience. Say goodbye to snow removal and yard work and enjoy more time doing what you love in this thoughtfully designed community. Ideally located with easy access to the golf course, Black Hills attractions, downtown amenities and just minutes from Ellsworth Air Force Base. This home offers both tranquility and accessibility. Proudly owned by one owner, this exceptional home sits on a beautifully positioned corner lot and offers 5 generously sized bedrooms, 3 full bathrooms and an oversized 2 car garage. From the moment you step inside, you’ll appreciate the warm and inviting main level, highlighted by rich hardwood flooring and a cozy corner gas fireplace, perfect for relaxing evenings.The open concept kitchen is designed with both functionality and style in mind, featuring a central island, spacious pantry and abundant cabinet and counter space, ideal for cooking, entertaining and everyday living. The adjoining living area flows seamlessly to the outdoors, where a sliding glass door leads to a patio and a mature, fully landscaped backyard complete with a sprinkler system. The spacious primary suite is a true retreat, offering a large walk in closet and a beautifully remodeled en suite bathroom. Enjoy spa like features including a walk in shower, dual sinks and a stunning freestanding corner soaking tub. A second bedroom and full bathroom are conveniently located on the main level. Downstairs, the expansive family room provides the perfect setting for entertaining guests or hosting cozy movie nights. This level also includes two additional well sized bedrooms and another full bathroom, offering plenty of space for family or guests. Additional updates include a new garbage disposal, water heater, and the recently remodeled primary bathroom. Storage is abundant throughout the home, ensuring everything has its place. Well maintained and truly move in ready...

3459 Willowbend Rd, Rapid City

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