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Cindy Guthrie

Cell: (605) 484-1032
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125 E NOWLIN $875,000

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    125 E NOWLIN Rapid City, SD 57701

    • 0 Beds
    • 0 Baths
    • 0 sq.ft.
    • Multi-Family
    MLS# 141419 | ACTIVE

    $875,000

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    Days On Market: 163 16 Views
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    Property Details

    Great opportunity to start or expand your growing multi-plex portfolio! Trending 2019 NOI $83,634/$875,000 = 9.55% cap rate! 6 duplex properties in one central location East of Haines Avenue in Rapid City! Seller has done a great job with improving the properties, the rents and the quality of tenants! Each unit features it's own gas hot water heater tank/system and HVAC system - with the Tenants paying for all of their own utilities to run their homes, you have a more controllable net income! Each duplex comes with its own unique legal description allowing you to sell them one at a time or all together! Each unit has its own washer and dryer hookups as well as off-street parking. Alley access. Top of the hill views! Walking distance to schools and shopping. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.

    • General Features
      • Type Multiplex
      • Year Built 1963
      • Subdivision NOWLIN & WOOD
      • Area North
      • County Pennington
    • Property Features
      • Parking See Remarks
      • Lot Size .89 acres
      • Number of Units 12

    Contact

    Cindy Guthrie

    Broker Associate

    RE/MAX Advantage

    Cell: 605-484-1032

    Neighborhood

    57701 (Rapid City) Demographics

    35Median Age
    637Population Density (per sq. mile)
    33%College Educated
    $41,316 Estimated Median Income
    9,970Estimated Total Home Owners
    7,926Estimated Total Renters
    56% / 44%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    45,122Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    60 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $875,000
        2/6/2019 4:30:00 PM Price Reduced Source New Value: $875,000 -2.56%
        11/5/2018 5:57:00 PM New in Database Source New Value: $898,000

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        Data last updated: 4/18/2019 8:30:59 AM

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