558 Gray Court, Lakewood

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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.

Coutts & Company Realty.

Essential Information

MLS® #2666149

Price$930,000

Bedrooms6

Bathrooms6.00

Square Footage4,021

Acres0.28

Year Built1962

TypeIncome

Sub-TypeIncome

StatusPending

Community Information

Address558 Gray Court

SubdivisionBirdsell

CityLakewood

CountyJefferson

StateCO

Zip Code80226

Amenities

ViewCity

Utilities

Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available

Interior

HeatingForced Air

CoolingCentral Air

StoriesTwo

Has BasementYes

BasementFinished

Appliances

Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range Hood, Refrigerator

Exterior

Lot DescriptionCul-De-Sac

RoofComposition

FoundationSlab

Exterior Features

Balcony, Private Yard, Rain Gutters

School Information

DistrictJefferson County R-1

ElementaryDeane

MiddleAlameda Int'l

HighAlameda Int'l

Additional Information

Date ListedMarch 21st, 2024

ZoningRes

Parking Spaces3

# of Garages3

Parking

Asphalt, Dry Walled, Exterior Access Door, Finished, Heated Garage, Lighted

Listing Details

Coutts & Company Realty

Property History

Apr. 27Status Changed from Active to Pending