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1516 Wood Ave
Rapid City, SD 57701
Windsor Apartments · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 6,912 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1997 |
| Apartment Style | Low-Rise | Parking Ratio | 2.03/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | Med Density Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.45 AC |
| Building Size | 6,912 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | Med Density Residential |
About 1516 WOOD AVE , RAPID CITY, SD 57701
INVESTMENT OPPORTUNITY | 8-plex apartment building east of Haines and south of I-90 near mass transit, shopping and entertainment. Turn-key, well-maintained building managed by professional property management company. 2 bed, 1 bath units include stove, refrigerator, air conditioning unit. Upper level apartments have private deck. Each building has shared laundry room with coin-operated washer and dryer. 14 parking spaces in off-street, concrete parking lot. One handicapped accessible unit with exterior entrance and ramp from ADA parking space. Transitioned out of HOME program in 2017 and 2018. Current monthly rents from $651 to $745 to stabilize at $725 to $775.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 0025128 | Improvements Assessment | $815,400 |
| Land Assessment | $68,600 | Total Assessment | $884,000 |
Property Taxes
Parcel Number
0025128
Land Assessment
$68,600
Improvements Assessment
$815,400
Total Assessment
$884,000
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