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211 Laramie Avenue Units 1-11 Grover, CO 80729
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Key Details
Sold Price $500,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision Beattys
MLS Listing ID 1003866
Sold Date 11/13/24
Style Ranch
Bedrooms 11
HOA Y/N false
Originating Board IRES MLS
Year Built 1982
Annual Tax Amount $1,170
Lot Size 0.960 Acres
Acres 0.96
Property Sub-Type Income Property
Property Description
Investor's Dream Opportunity! This property features two dwellings: a 7-unit building and a 4-unit building, offering a combined impressive Gross Operating Income of $82,680 and a Net Operating Income of $55,895.98, resulting in a strong Cap Rate of 10.16%.With manageable operating expenses totaling $26,784.02, including property taxes of $1,170.38, building insurance around $12,000, and utilities at $13,613.64, this investment is designed for success. The property also boasts an attractive Gross Rent Multiplier of 6.65, ensuring excellent value.Whether you're looking to expand your portfolio or secure a stable, income-generating asset, this listing provides everything you need. Don't miss out on this fantastic opportunity!
Location
State CO
County Weld
Area Greeley/Weld
Zoning RES APT
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Appliance Electric Range/Oven, Refrigerator, Washer, Dryer
Exterior
Utilities Available Electricity Available
Roof Type Composition
Street Surface Dirt
Building
Lot Description Zero Lot Line
Faces West
Story 1
Sewer City Sewer
Water City Water, City of Grover
Level or Stories One
Structure Type Wood/Frame,Vinyl Siding
New Construction false
Schools
Elementary Schools Pawnee, Pawnee
Middle Schools Pawnee Jr-Sr
High Schools Pawnee Jr-Sr
School District Pawnee Re-12
Others
Senior Community false
Tax ID R8754500
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with Soukup Real Estate Services