Investor's Dream! This property offers a fantastic opportunity with Gross Operating Income of $82,680, Net Operating Income of $55,895.98 and a Cap Rate of 8.6%, making it a solid addition to your portfolio. Operating expenses are kept manageable, including property taxes at $1,170.38, building insurance about $12,000, and utilities at $13,613.64, totaling $26,784.02 in gross operating expenses. The property also boasts a strong gross rent multiplier of 7.86, ensuring excellent value for your investment.Whether you're looking to expand your portfolio or secure a stable, income-generating asset, this listing offers everything you need for success.
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Grover is located in Colorado. Grover, Colorado has a population of 163. Grover is less family-centric than the surrounding county with 20% of the households containing married families with children. The county average for households married with children is 38.89%.
The median household income in Grover, Colorado is $41,000. The median household income for the surrounding county is $66,489 compared to the national median of $57,652. The median age of people living in Grover is 48.1 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 9.7 degrees. The average rainfall is approximately 15.5 inches per year, with 16.2 inches of snow per year.
