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
$500,000
211 Laramie Avenue Units 1-11, Grover, CO 80729
1beds
1baths
8,493sqft
Multi Family
Built in 1982
-- sqft lot
$595,100 Zestimate®
$59/sqft
$1,072 Estimated rent
Home value
$595,100
$512,000 - $690,000
$1,072/mo
Zestimate® history
Owner options
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$1,072/mo
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$1,072/mo
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$2,989/mo
Est. payment
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$2,989/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Chad Nixon 970-330-5000,
RE/MAX Alliance-Greeley,
Dolly Watson 970-590-3484,
RE/MAX Alliance-Greeley
Bought with:
Caleb Andersen, 100102402
Soukup Real Estate Services
Source: IRES as distributed by MLS GRID,MLS#: 1003866
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Baseboard
Appliances
- Included: Electric Range, Refrigerator, Washer, Dryer
Features
- Basement: Crawl Space
Interior area
- Total structure area: 8,493
- Total interior livable area: 8,493 sqft
Property
Parking
- Total spaces: 11
Features
- Levels: One
- 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
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Electric: High West
- Gas: None
- Sewer: Public Sewer
- Water: City
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: BEATTYS
HOA
- Has HOA: No
Location
- Region: Grover
Financial & listing details
- Price per square foot: $59/sqft
- Annual tax amount: $1,170
- Date on market: 2/26/2024
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Income includes: Lease/Rents
- Electric utility on property: Yes
- Road surface type: Dirt
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2024 | Sold | $500,000-9.1%$59/sqft |
Source:  IRES as distributed by MLS GRID #1003866 Report a problem | ||
| 10/7/2024 | Price change | $550,000-15.4%$65/sqft |
Source: IRES as distributed by MLS GRID #1003866 Report a problem | ||
| 9/3/2024 | Price change | $650,000-7.1%$77/sqft |
Source: IRES as distributed by MLS GRID #1003866 Report a problem | ||
| 2/26/2024 | Listed for sale | $700,000$82/sqft |
Source: IRES as distributed by MLS GRID #1003866 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 80729
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Nearby schools
GreatSchools rating
- NAPawnee SchoolGrades: PK-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Pawnee,Pawnee
- Middle: Pawnee Jr-Sr
- High: Pawnee Jr-Sr
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Colorado
- Weld County
- Grover
- 80729
- 211 Laramie Avenue Units 1-11
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