Listing Courtesy of: Nikki Dishneau - Exp Realty - Hub
970-682-2251
$649,000
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2911 State Farm Road Evans, CO 80620
Cluster
Residence
Beds
Baths
4,844
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
IR1017674
Property Type
Cluster
Status
Year Built
1970
Square Feet
4,844
sq. ft
Stories
2.0
Sewer
Public Sewer
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