7 Rodeo Street Deadwood SD 57732-0000 MLS #77949

7 Rodeo Street
Deadwood, SD, 57732-0000
$2,599,000
Beds
0 Baths
12,160 SqFt
1.01 Acres
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Rare Investment Opportunity "KOPPER KEY APARTMENTS" in Historic Deadwood: This exceptional 20-unit apartment complex on Rodeo Street, nestled in the heart of Deadwood’s historic allure, is a golden opportunity for savvy investors. Offering a mirrored layout of 1-bedroom, 1-bathroom units, including one ADA-compliant unit, this property combines accessibility with appeal. The amenities, including zero-entry access and individual locked storage closets in the common area, enhance tenant satisfaction. Additionally, each building within the complex features its own coin-operated laundry facilities, providing added convenience for residents and an additional income stream for property owners. Recent unit renovations and fresh exterior paint (as of September 2023) add to the property’s appeal. With current rents ensuring a strong cash flow, coupled with a consistent historical 100% occupancy rate (The only time there are vacancies are when there are units being updated) and a usual waitlist due to its prime Deadwood location, This investment now boasts increased security along with a recent rent hike to $995.00 for all renters or tenants, capitalizing on its high demand and previously below-market rental prices, thereby enhancing your return on investment.". Don’t miss out on this remarkable investment in the perfect Deadwood location! . Listed by Jeffery Christians, Real Broker LLC, co-listed by Beth Staeckeler, Real Broker LLC, 631-902-6095 and Thomas Edward Lewis III, Ardor CRE

Property Details

Price:
$2,599,000
MLS #:
77949
Status:
Active
Baths:
0
Address:
7 Rodeo Street
Type:
Multi Family
Neighborhood:
deadwoodcentralcity
City:
Deadwood
Listed Date:
Oct 1, 2023
State:
SD
Finished Sq Ft:
12,160
ZIP:
57732
Lot Size:
43,995 sqft / 1.01 acres (approx)
Year Built:
1974
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Schools

Interior

C O O L I N G
Window Evap.
H E A T I N G
Baseboard

Exterior

C O N S T R U C T I O N
Frame
E X T E R I O R
Shed, Paved Street
R O O F
Metal
S I D I N G
Wood Siding

Financial

Unit 1 Rent
995/ Unit
Unit 2 Rent
995/ Unit
Unit 3 Rent
995/ Unit
Unit 4 Rent
995/ Unit

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Community

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7 Rodeo Street
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