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Multiple Family Home in Rapid City, South Dakota

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633 Saint Patrick St

Rapid City, SD 57701

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$229,500 $958*
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Contact this seller Multiple Family Home 6 4 3711 1944 Pennington PJJ4411



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Highlights and Description

  • Split-Level style construction
  • Built in 1944
  • Lot size is 100 x 140 ft.
  • Views of neighborhood
  • Wall Unit cooling system
  • City provided sewer/wastewater
  • 8-car Garage (attached)
  • In the South neighborhood
  • Part of the South school district
  • $3,950 estimated taxes
This is a rare opportunity to own a great investment property in a good location with a hefty return on your money, This property has two one bedroom, a two bedroom and a three bedroom (one room not to code) units located one block off of Mt. Rushmore Rd. Within walking distance of shopping, schools, churches and parks. In the 5 years we have owned it, occupancy has been almost 100%. Included is a one car garage and laundry room on a double sized lot located in an area zoned for MDR and light commercial. This 4 plex has maintenance free siding, PVC sewer main and a heated work shop/storage area. This also qualifies for some owner occupied loans with the same down payment as a single family home. The only difference is you could live in one unit, collect rent on the other three and have it pay for the mortgage itself! Must see to appreciate what it has to offer. A showing is available only after acceptable proof of credit is provided. Would consider a lease option arrangement with a minimum 20% down payment. Please respond to this ad with any questions you might have and we would be happy to arrange a showing! Asking price is firm since this is well below appraised value. Thank you........ 
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 * Est. payment based on 20% down and a 30-year fixed rate mortgage of 4.75%

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January 2, 2012

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