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2124 N LACROSSE ST
RAPID CITY, SD 57701-7859
Asking Price
$3.20M
Asset Type
Hotel Hospitality
Class
Class B
What's Special
117-Key Interstate Redevelopment & Repositioning Opportunity <p>$27,350/key</p><p>Great location - High-visibility I-90 redevelopment and repositioning opportunity in one of Rapid City’s strongest growth corridors</p><p>The existing layout and scale provide flexibility for investors pursuing:</p><p>• Hotel repositioning and rebranding</p><p>• Extended stay conversion</p><p>• Workforce housing</p><p>• Studio apartment redevelopment</p><p>• Hybrid lodging/residential concepts</p>
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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248