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Rapid City, SD 57701 1050 Valley Dr

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Presented By: BLACK HILLS REALTY
  • MLS# 179267
  • 05/29/2026
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Home Details

Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.
Presented By: BLACK HILLS REALTY

Interior Features for 1050 Valley Dr

Other Interior Features

Total Number of Units90
Unit FeaturesSome Units, Window Coverings, Patio, Balcony/Deck

General for 1050 Valley Dr

Auction Y/NNo
CityRapid City
ConstructionHardboard, Stone/Veneer
CoolingCentral, Electric, Mini Split
CountyPennington
Docs on FileFinancials
HeatingElectric, Forced Air, Other (See Remarks)
MiscellaneousDead Bolt Locks, Individual Heat & Air, Individual Water Heaters, Separate Meters
ParkingGarage, Paved, See Remarks
Postal Code57703
Primary CityRapid City
Public RemarksMoonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200
RoofComposition
SewerCity
StatusACTIVE
Status Detail0
SubdivisionDIAMOND RIDGE SUBD
SubdivisionSD
TermsCash, New Loan
TypeMultiplex
ViewMeadow, Prairie, Trees
WaterCity
Year Built2021
ZoningConforming

Exterior for 1050 Valley Dr

FoundationCrawl Space, Poured Concrete
Lot Dimensions3.73 Acre
Lot TypeFlat

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $16,500,000
MLS#179267
List Date 05/29/2026
Property Type Multi-Family
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