1920 Monte Vista Dr - Multi-Family FOR SALE


Rapid City, SD 57702
$1,925,000 USD
605-863-1920
1920 Monte Vista Dr, Rapid City, SD for Sale
$1,925,000 USD
Multi-Family - FOR SALE
1/55
null | 6.86% Cap Rate

1920 Monte Vista Dr
Rapid City, SD 57702


HIGHLIGHTS

  • Location
  • 16 units
  • Parking Lot

OVERVIEW

Exceptional investment opportunity in Rapid City! This 16-unit multifamily property located at 1920 & 1930 Monte Vista Drive features all 2-bedroom, 2-bath units, each offering a functional layout with private patio or deck space. The property shows strong, consistent rental performance with average rents of $1,300 per unit, providing immediate cash flow with additional upside potential through future rent adjustments. Units are highly desirable due to their size, layout, and outdoor living space—appealing to long-term tenants and helping maintain occupancy. Situated in a convenient location with easy access to shopping, dining, and major corridors, this asset offers both stability and growth potential for investors looking to expand their portfolio in the Rapid City market. Opportunities like this—well-performing, multi-unit properties with solid unit mix and income—are hard to find. Don’t miss your chance to own a proven income-producing asset!

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

16

PRICE/UNIT

$120,313

CAP RATE

6.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monte Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,404 SF

ZONING

MDR

APN/PARCEL ID

0030741

ASK ABOUT THIS PROPERTY

TJ WojtanowiczBlack Hills SD RealtyMore Info
605-863-1920

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TJ WojtanowiczBlack Hills SD RealtyMore Info
605-863-1920

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.