Listed by Tony Marshall, 605-391-8669. A rare opportunity to acquire 7 duplexes and 1 triplex—all maintained and all in close proximity of each other in the Blaine/N. Maple neighborhoods. These properties have long-term, high-performing rent rolls with stable occupancy and proven cash flow, making them an exceptional addition to any portfolio. The current owner has relocated out of the area and the long-time maintenance manager is retiring, creating a natural transition point for a new investor to step in and supercharge their real estate portfolio. Offered at an 8.5% cap rate based on trailing 12-month performance, supported by consistent rental history. Currently, 12 of the 17 units have at least 6 months remaining on their leases. Seller financing will be considered for qualified buyers, providing flexible acquisition options. Property features across the portfolio include: Side-by-side and up/down layouts, units with 2-car garages, walkouts and raised ranch designs, coin-operated laundry in select buildings, multiple storage sheds & fenced yards. This is a turnkey, income-producing portfolio with strong fundamentals. Investors seeking durable cash flow and geographic efficiency will find tremendous value here.
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Zillow last checked:
Listing updated:
Listed by:
TONY MARSHALL605-391-8669,
CINC REALTY LLC
Source: Black Hills AOR,MLS#: 179999
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Facts & features
Interior
Heating
Electric, Forced Air, Baseboard
Cooling
Electric, None, Wall Unit(s)
Features
LR/DR Combo, Common Utility Room, Storage
Windows: Window Coverings
Basement: Finished,Crawl Space,Walk-Out Access
Furnished: Yes
Property
Parking
Parking features: Garage, On Street
Has garage: Yes
Has uncovered spaces: Yes
Features
Entry location: More Than One/Unit
Exterior features: Private Entrance
Fencing: Fenced
Has view: Yes
View description: City
Lot
Features: Corner Lot, Level, Interior Lot, Rolling Slope
Details
Zoning description: Unknown
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Frame, Hardboard, Metal/Vinyl
Roof: Composition
Condition
Year built: 1950
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Master Meters, Separate Meters
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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