ACTIVE
7 Rodeo Street
Deadwood SD, 57732
$2,599,000
$213.73 per sqft
ACTIVE
20 Beds
12,160 sqft
Multi-family
Built in 1974
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
77949
MLSⓇ ID
May 16, 2024
Updated
Map
7 Rodeo Street
Deadwood SD, 57732
Interior Features
Bedrooms
20
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
1.01 Acres
Architectual Style
1 Story
Roof
Metal
School Information
School District
Lead/Deadwood
Other Property Details
Area Name
Deadwood/Central City
Garage
No
View
No
County
Lawrence
Pool
No