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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 Other Types
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,493 sqft
Subdivision Beattys
MLS Listing ID IRE1003866
Sold Date 11/13/24
HOA Y/N No
Year Built 1982
Annual Tax Amount $1,170
Tax Year 2022
Lot Size 0.960 Acres
Acres 0.96
Property Sub-Type Multi Family
Source ires
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
Community Beattys
Area Greeley/Weld
Zoning RES APT
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Appliance Electric Range, Refrigerator, Washer, Dryer
Exterior
Utilities Available Electricity Available
View Y/N No
Roof Type Composition
Improvements No
Garage No
Building
Lot Description House Faces West, Zero Lot Line
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Frame,Vinyl Siding
New Construction false
Schools
Elementary Schools Pawnee
Middle Schools Pawnee Jr-Sr
High Schools Pawnee Re-12
School District Pawnee Re-12
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Private Owner
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