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$ 5,900,000
Est. payment /mo
Active
3900 Doral Dr # 3951 Rapid City, SD 57702
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Fairwayhillsprd
MLS Listing ID 176469
Style Up & Down
Year Built 1979
Property Sub-Type Multiplex
Property Description
Exceptional Investment Opportunity – The Doral Apartments, Fairway Hills~Nestled in the prestigious Fairway Hills neighborhood, directly across from the renowned Arrowhead Country Club, the Doral Apartments present an extraordinary opportunity to own a resort-style multifamily community unlike any other in Rapid City. This beautifully maintained property is set on 10 acres of private park land, offering residents the rare combination of peaceful natural surroundings and convenient city access. The lush, landscaped grounds feature mature trees, winding walking paths, and serene open spaces, providing a tranquil retreat from the bustle of every day life. Community amenities are designed to elevate the resident experience, including a sparkling outdoor pool, modern playground and a spacious community center ideal for private functions, social gatherings, and celebrations. A unique feature of this property is the inclusion of two large guest suites within the community center, available for short-term rental to residents hosting visitors, adding both convenience and a distinctive value proposition. Each apartment home offers a generous floor plan, private garage space and dedicated storage units, ensuring long term tenant satisfaction and ease of leasing. The property's reputation for comfort and quality contributes to consistently low vacancy rates. Meticulously cared for, the complex has benefited from significant updates, including new shingles, gutters and metal fascia installed within the past three years, ensuring durability and reduced maintenance costs for years to come. Strategically located just minutes from Downtown Rapid City, major shopping centers and the medical district, the Doral Apartments combine accessibility, prestige and enduring appeal, making this a truly rare and rewarding investment opportunity in one of the city's most desirable areas.
Location
State SD
County Pennington
Area Southwest
Zoning Conforming
Interior
Heating Electric
Cooling Electric
Exterior
Roof Type Composition
Building
Foundation Poured Concrete
Sewer City
Water City
Listed by COLDWELL BANKER BLACK HILLS LEGACY