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Home » Real Estate » CO » Grover » 80729 » 211 Laramie Avenue Units 1-11, Grover, CO, 80729
$650,000

211 Laramie Avenue Units 1-11, Grover, CO, 80729

1 Bed
1 Bath
8,493 Square Feet
Investor's Dream! This property offers a fantastic opportunity with Gross Operating Income of $82,680, Net Operating Income of $55,895.98 and a Cap Rate of 8.6%, making it a solid addition to your portfolio. Operating expenses are kept manageable, including property taxes at $1,170.38, building insurance about $12,000, and utilities at $13,613.64, totaling $26,784.02 in gross operating expenses. The property also boasts a strong gross rent multiplier of 7.86, ensuring excellent value for your investment.Whether you're looking to expand your portfolio or secure a stable, income-generating asset, this listing offers everything you need for success.
Offered By
Chad Nixon 9703305000, RE/MAX Alliance-Greeley

Property Details

Property Type Residential Income
Status Active
Bedrooms 1
Property Sub Type Income Property
Square Feet 8,493
MLS # 1003866

Market Trends

New Properties On Market
2
Average Asking Price
$250,000
Average Days On Market
1
Data as of Oct 01, 2024. Remaining statistics above are calculated on activity within the period from Aug 01, 2024 to Sep 30, 2024.
Information deemed reliable but not guaranteed by the MLS. 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. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 9/22/2024 at 6:29 am