610 E NORTH $1,900,000


    610 E NORTH Rapid City, SD 57701

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 165051
    Favorite Share
    Views: 253 Days On Site: 118

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Great investment opportunity in the affordable rental market. Budget Inn currently operates as a weekly/monthly rental business with 38 total rental units. The main building consists of 26 fully furnished studio units on two levels with a full basement for laundry and storage of equipment/furniture. There are 11 stand alone cabins ranging in size from studio to 2 bedroom, most with kitchenette and dedicated parking. All rental units have fire sprinklers. The office building has the rental office on the main floor with a managers apartment on the upper level. Weekly rates range from $230-$250/unit, monthly rates range from $840-$880/unit. With reduced inventory in the north Rapid City rental market and the lack off affordable housing, the property runs near 100% occupancy at all times. Owner financing available!

    • General Features
      • Compensation to Buyers Agent 2%
      • Zoning Unknown
      • Year Built 1978
      • Area North
      • Auction Y/N No
      • County Pennington
      • MISCELLANEOUS Master Meters
      • Subdivision FEIGEL ADD
      • View City
      • Sale/Rent For Sale
    • Building Features
      • Air Conditioning Wall
      • Construction Wood
      • Foundation Basement
      • Heating Electric
      • ROOF Other
      • Style 1 Story, 2 Story
    • Property Features
      • Lot Size 1.37
      • INCLUDES Some Units,Refrigerator,Range/Oven,Microwave
      • Lot Type Flat
      • WATER City
      • PARKING Paved
      • SEWER City






    Primary: 605-939-4489


    57701 (Rapid City) Demographics

    36 Median Age
    665 Population Density (per sq. mile)
    37% College Educated
    $46,690 Estimated Median Income
    10,511 Estimated Total Home Owners
    7,525 Estimated Total Renters
    58% / 42% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    47,155 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    73 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: $1,900,000
        11/8/2023 3:38:19 PM Price Reduced Source: Multiple Listing Service New Value: $1,900,000 -13.44%
        11/2/2023 3:38:27 PM Status Changed Source: Multiple Listing Service New Value: ACTIVE
        10/23/2023 9:53:15 AM Status Changed Source: Multiple Listing Service New Value: U/C CONTINGENCY
        8/3/2023 11:38:00 AM New in Database Source: Multiple Listing Service New Value: $2,195,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of the Black Hills Association of REALTORS®.
        Disclaimer: The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

        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.