1050 Valley Drive Rapid City SD 57703 | 73133

1050 Valley Drive
Rapid City, SD, 57703
$20,000,000
Beds
0 Baths
14,541 SqFt
3.73 Acres
Marketed by Art Koscielski Black Hills Realty LLC. 605 939 8656. Moonlight Apartment complex when complete will have 6 units with 15 apartments per unit. 3 sets of garages with 18 spaces per set. Garage rents for $100 per month. Each building has 3 studio apartments of 558 square feet that rent for $949. 6 one bedroom, one bath apartments at 774 square feet for $1250 per month. 6 two bedroom, two bath of 1013 square feet renting for $1450 per month. Building A will be completed on September 1st and building B will be completed October 1st with 18 garage spaces. Buildings 3 and 4 with another garage scheduled completion of January of 2023. Buildings 5 and 6 for March of 2023. All stainless steel Whirlpool appliances. Refrigerator, range, microwave, dishwasher. Washer and dryer are a stacked unit in each apartment. High treadwear carpet in building corridors and stairs. Carpet in bedrooms, LVF vinyl flooring in kitchen, living room, bathrooms and utility closets. Trex decking with metal railing for each balcony. 440 foot metal fence parallel to Valley Drive with two name signs. Blinds for all apartments. Complete apartment surveillance system with recording abilities for all buildings exterior and interior common areas. Complete landscaping package with plantings, sod and sprinkler system. All parking lots will be paved. 1000 feet of new 12 inch water line installed in 2022. Rapid City fire department approved sprinkler system. 54 garages total, drywalled taped and textured.

Property Details

Price:
$20,000,000
MLS #:
73133
Status:
Active
Address:
1050 Valley Drive
Type:
Multi Family
City:
Rapid City
Listed Date:
Jul 8, 2022
State:
SD
Square Ft (approx):
14,541
ZIP:
57703
Subdivision:
Diamond Ridge Subdivision
Lot Size:
162,478 sqft / 3.73 acres (approx)
Year Built:
2022
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I was raised on a ranch west of Buffalo, S.D. and still have a love of the land and the farm/ranch way of life. An interest in the farm/ranch area of real estate naturally follows my upbringing. Newell, S.D. was where I spent the bulk of my career in teaching and coaching. During my 31 year tenure in the Newell School District, I was also active with the Fellowship of Christian Athletes with the high school students, as well as being involved in local church leadership, and church youth work. …

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Schools

Interior

B A S E M E N T/ S U B S T R U C T
Slab
C O O L I N G
Refrig. Wall Unit, Mini Split
H E A T I N G
Electric, Wall Furnace, Mini Split

Exterior

C O N S T R U C T I O N
Frame, New Construction
E X T E R I O R
Paved Street
E X T R A S
Landscaped
P A R K I N G
Paved, Garage
R O O F
Composition
S I D I N G
Other

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1050 Valley Drive
Rapid City, SD