$500,000
$550,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
211 Laramie Avenue Units 1-11 Grover, CO 80729
11 Beds
11 Baths
0.96 Acres Lot
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
Style Ranch
Bedrooms 11
Year Built 1982
Annual Tax Amount $1,170
Lot Size 0.960 Acres
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
Interior
Heating Baseboard
Exterior
Utilities Available Electricity Available
Waterfront false
Roof Type Composition
Building
Lot Description Zero Lot Line
Story 1
Sewer City Sewer
Water City Water, City of Grover
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
Special Listing Condition Private Owner
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Bought with Soukup Real Estate Services