Property Description

Listed by TJ Wojtanowicz at Black Hills Realty 605-863-1920. 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!

Property Features