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: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

10 Beds

6 Baths

0.29 Acres Lot


SOLD DATE : 10/02/2024

Key Details

Sold Price $660,000

Property Type Single Family Home

Sub Type Income Property

Listing Status Sold

Purchase Type For Sale

Subdivision Lakeshore

MLS Listing ID 1017674

Sold Date 10/02/24

Style Tudor

Bedrooms 10

HOA Y/N false

Originating Board IRES MLS

Year Built 1970

Annual Tax Amount $3,308

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

Area Greeley/Weld

Zoning Multifam

Direction Use GPS. This four-plex is on the East side of State Farm Road.

Rooms

Basement None

Interior

Heating Hot Water

Cooling Room Air Conditioner

Window Features Window Coverings

Appliance Self Cleaning Oven

Exterior

Exterior Feature Balcony

Utilities Available Natural Gas Available, Electricity Available

Waterfront false

View City

Roof Type Composition

Street Surface Paved,Asphalt

Porch Patio

Building

Story 2

Sewer City Sewer

Water City Water, City of Greeley

Level or Stories Two

Structure Type Wood/Frame,Brick/Brick Veneer

New Construction false

Schools

Elementary Schools Centennial, Union Colony

Middle Schools Chappelow

High Schools Greeley Central

School District Greeley 6

Others

Senior Community false

Tax ID R3877286

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by eXp Realty - Hub • 9706463013
Bought with Colorado Dream Homes Realty

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