Evans, CO 80620,2911 State Farm RD
Evans, CO 80620,2911 State Farm RD
Evans, CO 80620,2911 State Farm RD
$660,000
Est. payment /mo
$649,000
1.7%
Est.Price: ?

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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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Bonnie Schwam

+1(719) 651-2916

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