305 E Philadelphia St
Rapid City, SD 57701
—
Bedrooms
—
Bathrooms
—
Sq Ft
1958
Year Built
About This Property
Gorgeous 4,100 sq ft brick triplex showcasing the character and craftsmanship of 1950s architecture, positioned to be the flagship of any real estate investment portfolio. Mature trees create a welcoming backdrop for three well-designed units ideal for both owner-occupants and investors. The two main-level units each feature two bedrooms, one bathroom, central air, dishwashers, and direct access to the shared commons area and backyard retreat. One unit includes a private garage, while the other offers off-street parking. Both enjoy convenient access to coin-operated laundry and dedicated storage. The spacious lower-level unit offers two bedrooms and two bathrooms, including a Jacuzzi tub, plus a large family room with a vaulted ceiling, making it a standout rental option. Each unit has its own furnace and water heater, and the property includes a detached two-car garage. Be sure to check out the well conditioned neighborhood and proximity to the city park, bike path & city rec. center. Seller financing in the form of a second mortgage may be available to help reduce down-payment requirements. Additional investment properties also available. Listed by Tony Marshall, CINC Realty, 605-391-8669.
Property Details
Property Type
Multi-Family
Year Built
1958
Lot Size
12,632 sq ft
HOA
None
Listed Price
$460,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Rapid City
What is owner financing for 305 E Philadelphia St?
Owner financing means the seller of 305 E Philadelphia St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Rapid City, SD is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Rapid City home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Rapid City property.