Views
Address
1050 Valley Dr, Rapid City, SD
Price
$ 16,500,000
Property Attributes
- MLS#179267
- TypeMulti-Family
- Listing Status Active
- CountyPENNINGTON
- CityRapid City
- AreaRapid Valley
- NeighborhoodDiamond Ridge Subd
- Zip57701
- Style
- Year Built2021
- Price$ 16,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3.73 Acres
Data Source:
Black Hills MLS (BHMLS)
Property Description
Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.
| Price History | |
|---|---|
| 5/29/2026 | Listed $16,500,000 |
General Features
| Heating | Electric,Forced Air,Other (See Remarks) |
|---|---|
| Cooling | Central,Mini Split |
| Roof | Composition |
| Zoning | Conforming |
| Water | City (at site) |
| Sewer | City (at site) |
| Year Built | 2021 |
| Parking | Paved,Garage,See Remarks |
| Subdivision | DIAMOND RIDGE SUBD |
| View | Trees,Prairie,Meadow |
| County | Pennington |
| Type | Multiplex |
| Status | ACTIVE |
| Subdivision | SD |
| Auction Y/N | No |
| Docs on File | Financials |
| Primary City | Rapid City |
| City | Rapid City |
| Originating MLS | Black Hills AOR |
| Terms | Cash,New Loan |
| Postal Code | 57703 |
| Public Remarks | Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 |
Interior Features
| Total Number of Units | 90 |
|---|---|
| Unit Features | Some Units,Window Coverings,Patio,Balcony/Deck,Dishwasher,Individual Water Heaters |
Exterior Features
| Foundation | Crawl Space,Poured Concrete |
|---|---|
| Lot Dimensions | 3.73 Acre |
| Lot Type | Flat |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 57701
Price
Year Built
Visits
Black Hills Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of Realtors. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Black Hills SD Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
