Residential Income for Sale: 211 Laramie Avenue Units 1-11, Grover, CO 80729 SOLD
11 beds
11 baths
8,493 sqft
mls #1003866
$500,000
$500,000
211 Laramie Avenue Units 1-11,
Grover, CO 80729 SOLD
11 beds
11 baths
8,493 sqft
mls #1003866
$500,000
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Selling Price: $500,000
Original List Price: $700,000
Sold at 71.4% of list price
Sold Date: 11/13/2024
Type Residential Income
Style Ranch
Beds 11
Total Baths 11 baths
Square Feet 8,493 sqft
Lot Size 0.96 acres
Year Built 1982
City Grover
County Weld
School District Pawnee RE-12
Subdivision BEATTYS
MLS 1003866
Status Closed
DOM 261 days
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!
Room Features
Basement Crawl Space
Lot & Building Features
Appliances Electric Range/Oven, Refrigerator, Washer, Dryer
Style Ranch
Heating Baseboard
Sewer City Sewer
Tax Year 2022
Water City Water, City of Grover
Lot Zero Lot Line
Community and Schools
Elementary School Pawnee, Pawnee
Junior High School Pawnee Jr-Sr
Senior High School Pawnee Jr-Sr
Unit Features
Unit 1 - DS Bedrooms 1
Unit 1 - DS Total Baths 1
Price History of 211 Laramie Avenue Units 1-11, Grover, CO
| Date | Name | Price | Difference |
|---|---|---|---|
| 10/07/2024 | Price Adjustment | $500,000 | 23.08% |
| 09/03/2024 | Price Adjustment | $650,000 | 7.14% |
| 02/26/2024 | Listing Price | $700,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by RE/MAX Alliance-Greeley, Chad Nixon & Dolly Watson 970-330-5000
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