In September 2021, Tzadik Properties, LLC, an industry-leading, multifamily property management company, acquired more than $4.13 million in South Dakota properties, as it continues to expand its portfolio in the state.
The company has expanded with its second portfolio of South Dakota short-term rentals (Black Hills Estates Portfolio 2). The portfolio is made up of eight single-family homes. Tzadik’s first Black Hills Estates Portfolio includes six single-family homes and five multi-family properties.
“These purchases align with our strategy of expanding our Black Hills Estates portfolio in South Dakota,” said Tzadik Properties, LLC Chief Executive Officer Adam Marcus Hendry. “We are excited to offer eight more short-term property rentals within our second Black Hills Estates portfolio acquisition.”
Black Hills Estates Portfolio 2: Single-Family Short-Term Property Rental Purchases
- 1023 Sagewood Street, Rapid City, SD 57701 ($330,000): The 2,112-square-foot Sagewood Place offers four bedrooms and three bathrooms. This property is perfect for guests looking for a short-term rental near the Black Hills. The home offer great views, new blinds and a new roof. The purchasing agents were Tzadik Executive Vice President and Head of Acquisitions Michael Davalos and VIP Properties Owner and Broker Lori Barnett. The selling agent was Mari Ann Carver with Coldwell Banker Black Hills Legacy.
- 4710 Charmwood Street, Rapid City, SD 57701 ($310,000): Charmwood House is 2,074 square feet and includes four bedrooms and two bathrooms. The open floor plan, large windows and vaulted ceilings on the main floor are perfect for enjoying quiet time or entertaining family and friends. The spacious family room provides a separate space to enjoy TV and games. The cook's kitchen includes stainless steel appliances, a breakfast bar, pantry, oak cabinets with crown molding and great storage. The purchasing agents were Davalos and Barnett. The selling agent was Bob Drew with The Real Estate Group.
- 1023 E Oakland Street, Rapid City, SD 57701 ($384,900): This 2,467-square-foot home features four bedrooms and three bathrooms. Other features include a large, fenced backyard and a back deck. The home is situated within minutes of downtown and has easy access to the interstate, airport, Robbinsdale Park, a baseball complex, a BMX track, a hospital and more. The purchasing agents were Davalos and Barnett. The selling agent was Jaime McKnight with Dupont Real Estate.
- 13130 Geary Boulevard, Rapid City, SD 57702 ($815,000): This secluded 4,380-square-foot home, appropriately named Peaceful Pines, offers five bedrooms and three bedrooms. It is located on 7.27 acres and is ten minutes from Pactola Lake. Amenities include maintenance free decks, an outdoors hot tub adjacent to a three-season room, a kitchen with newer cabinets, impressive natural light, walk-in closers, a private deck, a detached garage and more. The purchasing agents were Davalos and Barnett. The selling agent was Amanda Kirschenman with Coldwell Banker Black Hills Legacy.
- 6508 Wellington Street, Rapid City, SD 57701 ($360,000): Wellington Place is a 2,750-square-foot home that includes four bedrooms and three bathrooms. The vaulted ceilings throughout the main level give the home a very large open feeling. The kitchen features plenty of cabinets, stainless steel appliances and a breakfast nook. The basement features two of the rooms and a large family room with a walkout covered patio. The purchasing agents were Davalos and Barnett. The selling agent was Jake Elsasser with RE/MAX.
- 51 2nd Street, Lead, SD 75554 ($474,800): This 2,615-square-foot home, named Oak Cottage, features three bedrooms and three bathrooms. Located in a quiet neighborhood, the home is complete with two living areas, a fireplace, and a patio which makes a great place to relax or entertain. Sitting on two lots, Oak Cottage has a yard that is complete with a Green House with year-round climate control, a fenced-in garden area, rock retaining walls and a covered front patio. With an elevator from the upper garage to lower area and a ramp to the front lawn, this home is handicap accessible. The purchasing agents were Davalos and Barnett. The selling agent was Beth Staeckeler with Keller Williams.
- 912 Fulton Street, Rapid City, SD 57701 ($490,000): The charming Fulton House is 3,224 square feet and offers four bedrooms and two and a half bathrooms. The entire home has been remodeled or refinished in the last three years. The home is only minutes from downtown and is walking distance to Skyline Wilderness Trail. The completely and tastefully remodeled kitchen gives a modern touch to this historic property. The spacious formal dining area offers a gorgeous built-in hutch and includes a walk out to the private backyard complete with mature foliage and blossoming plumb trees. The purchasing agents were Davalos and Barnett. The selling agent was Seth Malott with Century 21.
- 4811 Cliff Drive, Rapid City, SD, 57702 ($970,000): This one-of-a-kind home, named Pine Oasis, is 3,436 square feet and features five bedrooms and three bathrooms. The open floor plan offers a wall of windows with stunning views of the hills and trees. The family room is ideal for entertaining, with a wet bar and access to the outside oasis. Outside you will find ample deck space, an in-ground heated pool, gazebo and more. The purchasing agents were Davalos and Barnett. The selling agent was Alicen Dupont with Dupont Real Estate.
