Grover, CO 80729,211 Laramie Avenue Units 1-11
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Grover, CO 80729,211 Laramie Avenue Units 1-11
Grover, CO 80729,211 Laramie Avenue Units 1-11
Grover, CO 80729,211 Laramie Avenue Units 1-11
Grover, CO 80729,211 Laramie Avenue Units 1-11

$500,000

Est. payment /mo

$550,000

9.1%
Est.Price: ?

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211 Laramie Avenue Units 1-11 Grover, CO 80729

11 Beds

11 Baths

0.96 Acres Lot

SOLD DATE : 11/13/2024

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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Information and Real Estate Services (IRES)
Listed by RE/MAX Alliance-Greeley • 9703305000
Bought with Soukup Real Estate Services

Dewey Shanks

Agent | License ID: P32281

+1(806) 681-3612

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