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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.
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
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#: 2666149

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
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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