Excellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units â a highly desirable and consistent rental layout. The property is fully sprinkled and includes an exterior sprinkler system for added safety and functionality. The roof and siding have been replaced recently. Extensive exterior renovations have been completed, enhancing both curb appeal and long-term durability. All units have been renovated, with two units updated within the last year. The building maintains a strong occupancy history, with vacancy rates historically ranging between 0â5%, demonstrating solid rental demand and stability. Two shared coin-operated laundry units are located in the common area, providing additional income potential. This turnkey asset offers consistent unit mix, modernized interiors, and proven performance â making it a strong addition to any investorâs portfolio. Listed by Josiah LaFrance- L'Avance Real Estate and Capital 605-786-3098
Presented By: L'AVANCE CAPITAL AND REAL ESTATE
Interior Features for 626 N 1St
Other Interior Features
Total Number of Units8
Unit FeaturesAll Units, Common Utility Room
General for 626 N 1St
Auction Y/NNo
CityRapid City
ConstructionFrame
CoolingWindow
CountyPennington
Docs on FileOther (See Remarks)
HeatingElectric
MiscellaneousSeparate Meters
ParkingPaved
Postal Code57701
Primary CityRapid City
Public RemarksExcellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units â a highly desirable and consistent
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