1050 VALLEY DR $18,500,000


    1050 VALLEY DR Rapid City, SD 57703

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 160050
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    Views: 997 Days On Site: 209

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    Property Details

    Description Tours

    Marketed by Art Koscielski, 605 939 8656. Black Hills Realty LLC. Moonlight apartment complex. 6 units with 15 apartments per unit. 3 sets of garages each with 18 spaces. Garage spaces will rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that will rent for $979. 6 one bedroom 1 bath apartments at 774 sq ft that will rent for $1290 per month. 6 2 bedroom, 2 bath at 1013 sq ft renting for $1500. Building A and B are completed with one set of garages. Buildings 3 and 4 with another 18 garages scheduled for completion February of 2023. Building 5 and 6 scheduled for April of 2023. Appliances will be Whirlpool stainless steel. Refrigerator, Range, Microwave and dishwasher. Washer and dryer are white stackable set in each apartment. Vinyl plank flooring in building corridors and stairs. Carpet in bed rooms. LVF vinyl flooring in kitchen, living room, bathrooms and washer dryer closet. Trex decking. All metal railing

    • General Features
      • Compensation to Buyers Agent 1.5%
      • Zoning Conforming
      • Year Built 2022
      • Area Rapid Valley
      • Auction Y/N No
      • MISCELLANEOUS Separate Meters,Individual Water Heaters,Individual Heat & Air,Dead Bolt Locks
      • Subdivision DIAMOND RIDGE SUBD
      • View Hills, City
      • Sale/Rent For Sale
    • Building Features
      • Air Conditioning Electric,Wall
      • Construction Frame,Hardboard
      • Foundation Slab, Poured Concrete
      • Heating Electric, Wall
      • ROOF Composition
      • Style Other
    • Property Features
      • Lot Size 3.73
      • INCLUDES All Units,Refrigerator,Range/Oven,Dishwasher,Washer,Dryer,Microwave
      • Lot Type Flat
      • WATER City
      • PARKING Paved,Garage
      • SEWER City






    Primary: 605-939-8656


    57703 (Rapid City) Demographics

    37 Median Age
    138 Population Density (per sq. mile)
    33% College Educated
    $68,216 Estimated Median Income
    5,375 Estimated Total Home Owners
    1,114 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    17,748 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

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

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $18,500,000
        11/28/2022 3:53:16 PM Price Reduced Source: Multiple Listing Service New Value: $18,500,000 -7.5%
        7/8/2022 12:23:00 PM New in Database Source: Multiple Listing Service New Value: $20,000,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.