3454 Chapel Ln Rapid City, SD 57702

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Location, Location! This 4plex is located in the serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and air conditioning, washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. Vacancies only during remodel, otherwise never an empty unit. Apartments are being built all over Rapid City except the Southwest area, particularly there are few opportunities for rental units in neighborhoods on the South side of Jackson Blvd. Diversify your investment portfolio by owning income properties in SW Rapid City, CAP rate of 5.5% at current rental rates.