Evans, CO 80620,2911 State Farm RD
Evans, CO 80620,2911 State Farm RD
Evans, CO 80620,2911 State Farm RD
Evans, CO 80620,2911 State Farm RD
Evans, CO 80620,2911 State Farm RD
Evans, CO 80620,2911 State Farm RD
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$660,000

$649,000

1.7%
Est.Price: ?

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Est. payment /mo

0.29 Acres Lot


SOLD DATE : 10/02/2024

Key Details

Sold Price $660,000

Property Type Multi-Family

Sub Type Quadplex

Listing Status Sold

Purchase Type For Sale

Subdivision Lakeshore

MLS Listing ID IR1017674

Sold Date 10/02/24

Style Tudor

HOA Y/N No

Originating Board recolorado

Year Built 1970

Annual Tax Amount $3,308

Tax Year 2023

Lot Size 0.290 Acres

Acres 0.29

Property Description

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.

Location

State CO

County Weld

Zoning Multifam

Rooms

Basement None

Interior

Heating Hot Water

Cooling Air Conditioning-Room

Fireplace N

Appliance Self Cleaning Oven

Exterior

Exterior Feature Balcony

Utilities Available Electricity Available, Natural Gas Available

View City

Roof Type Composition

Total Parking Spaces 8

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Wood Frame

Schools

Elementary Schools Centennial

Middle Schools Other

High Schools Greeley Central

School District Greeley 6

Others

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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REColorado (REColorado MLS)
Listed by eXp Realty - Hub • 9706463013
Bought with Colorado Dream Homes Realty
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