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Sold for $860,000 on 12/03/24
  • $860,000

    558 Gray Court, Lakewood, CO 80226

    6beds
    6baths
    4,021sqft
    Duplex
    Built in 1962
    -- sqft lot
    $856,500 Zestimate®
    $214/sqft
    $2,359 Estimated rent

    What's special

    . Great property offered at below market rates....Zillow value estimate $936,500....Buy this and have built in equity!!! Discover a lucrative investment opportunity in Lakewood, CO with 558 Gray Court. This income-generating residential duplex in the desirable Birdsell subdivision offers two spacious units, each with 3 bedrooms and modern amenities. The property features a total of 3 garage spaces and sits on a cul-de-sac lot spanning 0.28 acres. Showcasing a profitable cap rate of 5.16%, 558 Gray Court presents a solid financial prospect with a proforma gross annual income of $54,000. Tenants enjoy separate utility metering and pay for most services directly, minimizing expenses for the owner. The property boasts a central location with a walk score of 32 and is conveniently close to bus stops. With a well-maintained interior including finished basements and updated appliances, this property is a turnkey investment opportunity. Don't miss out on owning this income-generating asset in Lakewood.

    Zillow last checked: 7 hours ago

    Listing updated: December 04, 2024 at 10:54pm

    Listed by:

    Jeff Coutts 720-341-8118 mrsoldmakesdeals@gmail.com,

    Coutts & Company Realty

    Bought with:

    Jeff Coutts, 40037678

    Coutts & Company Realty

    Source: REcolorado,MLS#: 2666149MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range Hood, Refrigerator
    • Laundry: In Basement
    Features
    • Flooring: Carpet, Tile
    • Basement: Finished
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 4,021
    • Total interior livable area: 4,021 sqft
    • Finished area above ground: 2,063
    • Finished area below ground: 1,469

    Property

    Parking
    • Total spaces: 3
    • Parking features: Asphalt, Dry Walled, Exterior Access Door, Finished, Heated Garage, Lighted
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Exterior Access
    • Patio & porch: Covered, Deck
    • Exterior features: Balcony, Private Yard, Rain Gutters
    • Fencing: Partial
    • Has view: Yes
    • View description: City
    Lot
    • Size: 0.28 Acres
    • Features: Cul-De-Sac
    Details
    • Parcel number: 062968
    • Zoning: Res
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Brick, Frame
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • Year built: 1962

    Utilities & green energy

    • Electric: 110V
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Lakewood
    • Subdivision: Birdsell

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional,FHA,Jumbo,VA Loan
    • Ownership: Individual
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $856,500

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $856,500