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

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