$500,000
SOLD NOV 13, 2024

211 Laramie Avenue Units 1-11 Grover, CO 80729

11 Beds
11 Baths
8,493 Sq Ft
0.96 Acres

Recently Sold

$59 Per Sq Ft

29% Below List Price

261 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property
  • Zero Lot Line
  • West Facing Home

About This Home

As of November 2024

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!

Last Agent to Sell the Property

Chad Nixon

RE/MAX Alliance-Greeley

RE/MAX Alliance-Greeley

Co-Listed By

Dolly Watson

RE/MAX Alliance-Greeley

Last Buyer's Agent

Caleb Andersen

Soukup Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,170

Year Built

  • Built in 1982

Lot Details

  • 0.96 Acre Lot
  • Dirt Road
  • West Facing Home
  • Zero Lot Line

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 8,493 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Pawnee Elementary School
  • Pawnee Jr-Sr Middle School
  • Pawnee Jr-Sr High School

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number R8754500

Community Details

Overview

  • No Home Owners Association
  • 11 Units
  • Beattys Subdivision

Building Details

  • Gross Income $82,680
  • Net Operating Income $55,896

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,170

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Year Built: 1982
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.96
  • Road Frontage Type: City Street
  • Road Surface Type: Dirt
  • Co List Office Mls Id: 1RMFG
  • Subdivision Name: BEATTYS
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Refrigerator, Washer, Dryer
  • Has Basement: Crawl Space
  • Total Bedrooms: 11
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Zero Lot Line
  • Waterfront: No
  • Construction Type: Wood/Frame, Vinyl Siding
  • Direction Faces: West
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, High West
  • Heating: Baseboard
  • Utilities: Electricity Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Grover

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Pawnee,Pawnee
  • HighSchool: Pawnee Jr-Sr
  • Junior High Dist: Pawnee RE-12
  • Middle Or Junior School: Pawnee Jr-Sr

Lot Info

  • Zoning: RES APT
  • Lot Size Sq Ft: 42000
  • Parcel #: R8754500
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1170.38

Multi Family

  • Number Of Units Total: 11
  • Annual Gross Income: 82680
  • Income Includes: ["Lease/Rents"]
  • Annual Operating Expense: 26784.02

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $500,000 -9.1% $59 / Sq Ft
10/07/2024 10/07/24 Price Changed $550,000 -15.4% $65 / Sq Ft
09/03/2024 09/03/24 Price Changed $650,000 -7.1% $77 / Sq Ft
02/26/2024 02/26/24 For Sale $700,000 -- $82 / Sq Ft
Source: IRES MLS

Source: IRES MLS

MLS Number: 1003866

IRES MLS

Colorado Weld County Grover 80729

211 Laramie Avenue Units 1-11, Grover, CO

Homes for Sale in Grover, CO

This home is located at 211 Laramie Avenue Units 1-11, Grover, CO 80729 and is currently priced at $500,000, approximately $58 per square foot. This property was built in 1982. 211 Laramie Avenue Units 1-11 is a home located in Weld County with nearby schools including Pawnee School K-12.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.