211 Laramie Avenue Units 1-11 , Grover CO 80729

$550,000

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Property Description

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!

General Features

MLS: 1003866Status: Sold
Sold Date: 11/13/2024Total SqFt: 8,493ft²
Acreage: 0.96 acresLot Size: 42,000ft²

School Information

District: Pawnee RE-12

Additional Information

New Financing: Cash,Conventional
Utilities: Electricity Available

Walking Score

Property Database Last Updated: October 7th 2026 06:06 AM

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