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215 Kinney Ave, Rapid City, SD 57702


Price : 2875000.00

🛌🏻 6 Bedrooms
🛀🏻 1 Bathrooms
🚗 Parking
Size   553 sq/ft
Built Area   553 sq/ft
Property Type   House for sale
Features   Type : Multi Family, Year Built : No Data, Heating : Natural Gas, Forced Air, Cooling : Wall Evap., Refrig. C/Air, Parking : Paved, Days on Zillow : 15 Days, Offer Review Date : No Data


51 Unit affordable apartment community located in desirable northwest Rapid City. This property has a mix of one, two and three bedroom units with a unique townhome style layout across 11 buildings. 15 apartments were recently remodeled to include new cabinetry, flooring, lighting and appliances. Very well maintained buildings with all new roofs installed in 2019. All 2BD and 3BD units include washers/dryers in the units and the 1BD building has common laundry facilities on the lower level. LIHTC covenants are in place through 2033. New market rates will be going into effect in August 2023 (estimated 10% increase). The property has a long history of strong occupancy with onsite property manager and maintenance. Listed by Chris Long, Keller Williams Realty Black Hills, 605-939-4489