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Key Details
Sold Price $860,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,532 sqft
Price per Sqft $243
Subdivision Birdsell
MLS Listing ID 2666149
Sold Date 12/03/24
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 2,063
Originating Board recolorado
Year Built 1962
Annual Tax Amount $3,284
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Property Description
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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.
Location
State CO
County Jefferson
Zoning Res
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Tile
Fireplace N
Appliance Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range Hood, Refrigerator
Laundry In Basement
Exterior
Exterior Feature Balcony, Private Yard, Rain Gutters
Parking Features Asphalt, Dry Walled, Exterior Access Door, Finished, Heated Garage, Lighted
Garage Spaces 3.0
Fence Partial
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available
View City
Roof Type Composition
Total Parking Spaces 3
Garage Yes
Building
Lot Description Cul-De-Sac
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick,Frame
Schools
Elementary Schools Deane
Middle Schools Alameda Int'L
High Schools Alameda Int'L
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Jumbo, VA Loan
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Coutts & Company Realty
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