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!
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
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#: 1003866

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

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