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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
$340,000
3 Beds ⋅ 2 Baths ⋅ 88701 MLS
Listed by Kera Williams KWBH (605) 415-6636. *Rare opportunity to own in a high-demand location at an exceptional value!* Just down the street from Corral Drive Elementary and less than five minutes from Canyon Lake Park, where you can enjoy picnics, fishing, and outdoor activities, the location checks every box. This split-level home greets you with vaulted ceilings and an open-concept layout. The living room centers around a charming brick fireplace, flowing into a kitchen with generous island counter space and a dining room with easy access to the back deck. The large fenced backyard is ideal for gatherings, gardening, or whatever you can dream up. The main level also features a master suite with plenty of closet space, a separate vanity/get-ready area, and a full bathroom, plus an additional bedroom to complete the upper level. Downstairs, the basement offers a third bedroom, a full bath, a laundry room, a family room, and access to the two-car garage. With great bones, a fantastic location, and the charm and potential to become someone's dream home, this one is worth a serious look. Call to schedule your showing with Kera today!

3701 Westridge Road, Rapid City