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558 Gray Ct Lakewood, CO 80226
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Key Details
Sold Price $860,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Square Footage 3,532 sqft
Subdivision Birdsell
MLS Listing ID 2666149
Sold Date 12/03/24
Bedrooms 6
HOA Y/N false
Abv Grd Liv Area 4,021
Originating Board REcolorado
Year Built 1962
Annual Tax Amount $3,284
Lot Size 0.280 Acres
Acres 0.28
Property Description
.
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.
Location
State CO
County Jefferson
Area Metro Denver
Zoning Res
Direction From Sheridan & 6th ave, south on Sheridan to W 5th Ave, Right to Ames St. Left ont Gray Ct. Property is 2nd property in on cul de sac.
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Central Air
Appliance Dishwasher, Refrigerator, Microwave, Disposal
Exterior
Exterior Feature Balcony
Garage Spaces 3.0
Fence Partial
Utilities Available Electricity Available, Cable Available
View City
Roof Type Composition
Porch Patio, Deck
Building
Lot Description Gutters, Cul-De-Sac
Faces South
Story 2
Foundation Slab
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Two
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Deane
Middle Schools Alameda Int'L
High Schools Alameda Int'L
School District Jefferson County R-1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with Coutts & Company Realty