Residential Income for Sale: 2911 State Farm, Evans, CO 80620 SOLD

10 beds
6 baths
4,844 sqft
mls #1017674
$660,000
$660,000
2911 State Farm, Evans, CO 80620 SOLD
10 beds
6 baths
4,844 sqft
mls #1017674
$660,000
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Selling Price: $660,000
Original List Price: $649,000
Sold at 101.7% of list price
Sold Date: 10/02/2024

Type Residential Income
Style Tudor
Beds 10
Total Baths 6 baths
Square Feet 4,844 sqft
Lot Size 0.29 acres
Year Built 1970

City Evans
County Weld
School District Greeley 6
Subdivision Lakeshore

MLS 1017674
Status Closed
DOM 46 days
Check out this fantastic investment opportunity in Evans! This four-unit property offers comfortable living for tenants and profits for the owner. Property under leased - time for a more active owner to bring out the financial capabilities of this investment, with a potential Cap rate of 6.98%. Each unit has a window A/C, and a domestic boiler heats the building. This 4-plex in Northern Colorado is a great investment opportunity with 10 bedrooms and 6 bathrooms, making it the best value in Northern Colorado. Constructed with 80% brick and recently upgraded with a new roof featuring Class 4 shingles, new gutters, fresh paint, and modern garage doors with openers, the property is designed for long-term durability and minimal maintenance. The consistent occupancy rate since 2016, with no vacancies and no need for active listings, underscores its rental solid demand. 2 oversized single-car garages attached to the 3/2 units add further value, making it an ideal choice for tenants seeking convenience and space. Additionally, being 1 block from the charter elementary school attracts families looking for educational opportunities, and 2 blocks from the fantastic Monfort Family Clinic and grocery store creates a walkable environment to enhance its rental appeal. This 4-plex is more than just an investment - it's a pathway to building lasting wealth.

Room Features

Exterior Features Balcony
Basement None

Lot & Building Features

Appliances Self Cleaning Oven
Style Tudor
Heating Hot Water
Cooling Room Air Conditioner
Sewer City Sewer
Tax Year 2023
Water City Water, City of Greeley
Exterior Balcony

Community and Schools

Elementary School Centennial, Union Colony
Junior High School Chappelow
Senior High School Greeley Central

Unit Features

Unit 1 - DS Bedrooms 3
Unit 1 - DS Est Sq Ft 1100
Unit 1 - DS Rent 1000
Unit 1 - DS Total Baths 2
Unit 2 - DS Bedrooms 2
Unit 2 - DS Est Sq Ft 800
Unit 2 - DS Rent 900
Unit 2 - DS Total Baths 1
Unit 3 - DS Bedrooms 2
Unit 3 - DS Est Sq Ft 800
Unit 3 - DS Rent 875
Unit 3 - DS Total Baths 1
Unit 4 - DS Bedrooms 3
Unit 4 - DS Est Sq Ft 1100
Unit 4 - DS Rent 1150
Unit 4 - DS Total Baths 2

Price History of 2911 State Farm, Evans, CO

Date Name Price Difference
08/17/2024 Listing Price $660,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 2911 State Farm, Evans, CO

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Listed by eXp Realty - Hub, Nikki Dishneau 970-646-3013
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Listing information courtesy of: eXp Realty - Hub

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