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LICENSED IN SOUTH DAKOTA AND WYOMING
605-389-3335

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Listing 6 out of 3,677
$139,900 U/C Contingency

208 E Madison
Rapid City, SD 57701

2 units | Multi Family Home - MLS# 143405
Property Photo
1/16

Description

This side by side Duplex has a 2 bed 1 bath and a 1 bed 1 bath. Separately metered tenants pay Gas and Electric. Separate hot water heaters and heat for both units. Coin operated laundry brings in a little over $100/month depending on use offsetting the owners garbage/water/sewer expense. Newer siding, windows, and roof. With Owners Gross Rental Income at roughly $18,480 and Owners Expenses of $3,835 for Taxes, Insurance, and Water/Sewer. The estimated NOI is $14,645 and Priced at $139,900 would give this property a fair 10.4% Cap Rate. Schedule a viewing today! Listed By Drew Yeoman w/ Black Hills SD Realty @ 484-5392

Features

  • Property Type: Multi Family Home
  • Sub Type: Duplex
  • Listing Status: U/C Contingency
  • County/Area: Pennington County
  • Zip Code: 57701
  • Year Built: 1958
  • Subdivision/Neighborhood: Wise Add
  • Style: Side/Side
  • Units: 2 units
  • Lot Size: .16
  • View: City
  • Area: North
  • Air Conditioning: Window, None
  • Construction: Hardboard, Other
  • Entrance: Private Entrance
  • Foundation: Crawl Space
  • Heating: Electric, Forced Air, Gas, Radiant Heat, Baseboard
  • Includes: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer
  • Lot Type: Flat
  • Miscellaneous: Separate Meters, Individual Water Heaters, Individual Heat & Air, Dead Bolt Locks
  • Parking: Street, See Remarks
  • Roof: Composition
  • Safety Features: Smoke Detectors, None
  • Sewer: City
  • Type Of Tenancy: 1 Year Lease, Vacant
  • Unit Features: All Units, Fenced Area, Family Room, Lr/Dr Combo, Common Utility Room
  • Vacancy Rate: 0 - 5%
  • Water: City
Courtesy of Black Hills Realty, Drew Yeoman

Specialty Properties Real Estate
LICENSED IN SOUTH DAKOTA AND WYOMING
Rapid City, SD 57702
Phone: 605-341-1997
Email: david@specialtylands.com
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