Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedrooms, 1 bathroom, and full kitchen. Separately metered units with electric baseboard & cove heat. One tenant said it averages around $100 per month. Large 918 sf units per DOE. All four units are fully occupied 1-year leases with 60-day notice. Units 1 & 2 are upstairs. Units 3 & 4 are downstairs. Separate coin laundry available with keyed entrance. Bottom two units have recently been remodeled. Owner pays gas ($174 total last year), water, sewer & trash ($3,001 in '24). Tenant pays electricity. Unit four bathroom is handicap accessible. Photos from Unit 1. Other unit photos available. One other unit has newer trim/doors etc. Lakeview is one street North of Jackson Blvd. Easy walk to Canyon Lake Park and the bike path! 3,712 sf per County, priced at only $205 per foot! Cost of new construction might be $300-400/ft, let alone trying to find a a multi-family westside lot.
Presented By: SUN REAL ESTATE
Interior Features for 4002 Lakeview Dr
Other Interior Features
Total Number of Units4
Unit FeaturesAll Units
General for 4002 Lakeview Dr
Auction Y/NNo
CityRapid City
ConstructionFrame, Hardboard
CoolingElectric, Wall
CountyPennington
Docs on FileOther
HeatingElectric, Baseboard, Other
MiscellaneousSeparate Meters
ParkingPaved
Postal Code57702
Primary CityRapid City
Public RemarksInvestment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedro
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