Grover CO Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 11
- Lot size:
- 0.96 Acres
- Year built:
- 1982
- Baths:
- 11.00
- MLS#:
- 1003866
- Subdivision:
- BEATTYS
ADDITIONAL INFORMATION
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!
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Grover Real Estate
The median home value in Grover, CO is $203,000. This is lower than the county median home value of $480,800. The national median home value is $338,100. The average price of homes sold in Grover, CO is $203,000. Approximately 69% of Grover homes are owned, compared to 21% rented, while 10% are vacant. Grover real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Grover real estate agent to arrange a tour today!
Grover, Colorado has a population of 186. Grover is less family-centric than the surrounding county with 32.65% of the households containing married families with children. The county average for households married with children is 38.01%.
The median household income in Grover, Colorado is $40,000. The median household income for the surrounding county is $80,843 compared to the national median of $69,021. The median age of people living in Grover is 60.3 years.
Grover Weather
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 15.8 inches per year, with 39.9 inches of snow per year.