Skip main navigation
Sold for $500,000 on 11/13/24
  • $500,000

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

    11beds
    11baths
    8,493sqft
    Multi Family
    Built in 1982
    -- sqft lot
    $499,700 Zestimate®
    $59/sqft
    $1,673 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: November 14, 2024 at 09:26am

    Listed by:

    Chad Nixon 970-330-5000,

    RE/MAX Alliance-Greeley,

    Dolly Watson 970-590-3484,

    RE/MAX Alliance-Greeley

    Bought with:

    Caleb Andersen

    Soukup Real Estate Services

    Source: IRES,MLS#: 1003866MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 11
    Heating
    • Baseboard
    Appliances
    • Included: Electric Range/Oven, Refrigerator, Washer, Dryer
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 8,493
    • Total interior livable area: 8,493 sqft

    Property

    Features
    • Stories: 1
    Lot
    • Size: 0.96 Acres
    • Features: Zero Lot Line
    Details
    • Parcel number: R8754500
    • Zoning: RES APT
    • Special conditions: Private Owner

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family
    Materials
    • Wood/Frame, Vinyl Siding
    • Roof: Composition
    Condition
    • Not New, Previously Owned
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Electric: Electric, High West
    • Sewer: City Sewer
    • Water: City Water, City of Grover
    • Utilities for property: Electricity Available

    Community & neighborhood

    Location
    • Region: Grover
    • Subdivision: Beattys

    Other

    Other facts
    • Income includes: Lease/Rents
    • Listing terms: Cash,Conventional
    • Road surface type: Dirt
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.