558 Gray Court

Lakewood, CO 80226

$930,000
Price
6
Beds
6
Baths
4,021 Sq. Ft.
$231 / Sq. Ft.
4,021
Sq. Ft.
$231
per Sq. Ft.

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...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.
  1. Listed by Jeff Coutts • Coutts & Company Realty • mrsoldmakesdeals@gmail.com,720-341-8118

Property Details for 558 Gray Court

Structure Type
Duplex
Architectural Style
Duplex
View
City
Levels
Two
Stories
2
Subdivision Name
Birdsell
Association
No
Basement
Yes

Location

Listing Courtesy of Coutts & Company Realty, Jeff Coutts
Add your commute
LISTING UPDATED: 04/27/2024 04:16 PM

Property Details for 558 Gray Court

StatusPending
MLS #2666149
Days on Compass37
Taxes$3,284 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.28 AC / 11,979 SF
CountyJefferson County

Location

Listing Courtesy of Coutts & Company Realty, Jeff Coutts
Add your commute

Building Information for 558 Gray Court

Stories-Residences-Year Built1962Building Size-Lot Size0.28 AC / 11,979 SF

Payment Calculator

$5,349 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,075

Property Taxes

$274

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 558 Gray Court

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 4021
  • Sqft Total: 4021
  • Living Area (SqFt Finished): 3532
  • Above Grade Finished Area: 2063
  • Living SqFt: 2063
  • Sq Ft Apx: 1469
  • Below Grade Unfinished Area: 489
  • Area Source: Public Records
  • PSF Total: 231
  • PSF Above Grade: 451
  • PSF Finished: 263
  • Master on Main: No
  • Entry Location: Exterior Access
  • Entry Level: 1.0
  • Direction Faces: South
  • Basement: Finished
  • Basement Ceiling Height: 8'-9'
  • Foundation Details: Slab
  • Heating: Forced Air
  • Cooling: Central Air
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range Hood, Refrigerator
  • Laundry Features: In Basement
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 6
Bathrooms
  • Bathrooms Total: 6
Parking
Parking
  • Parking Features: Asphalt, Dry Walled, Exterior Access Door, Finished, Heated Garage, Lighted
  • Attached Garage: Yes
  • Parking Details: 1.5 Spaces/Unit
  • Parking Total: 1
  • Garage Spaces: 3
  • Offstreet Spaces: 0
  • Parking Count: 3
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
  • Senior Community: No
Site & Location Information
School Information
  • School Of Choice: Yes
  • Elementary School: Deane
  • Elementary School District: Jefferson County R-1
  • Middle Or Junior School: Alameda Int'l
  • Middle Or Junior School District: Jefferson County R-1
  • High School: Alameda Int'l
  • High School District: Jefferson County R-1
Site & Location Information
  • Lot Size Acres: 0
  • Lot Size Square Feet: 11979
  • Lot Features: Cul-De-Sac
  • Zoning: Res
  • Fencing: Partial
  • Distance To Bus: 1
  • Distance To Bus Units: Miles
  • Distance To Light Rail: 2
  • Distance To Light Rail Units: Miles
  • Property Exclusions: Tenants personal property, Sellers tools/materials still on site.
Building Information
Outbuildings
  • Out Building Count: 0
  • Horse: No
Building Information
  • Construction Materials: Brick, Frame
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Common Walls: 1 Common Wall
  • Exterior Features: Balcony, Private Yard, Rain Gutters
  • Patio And Porch Features: Covered, Deck
  • Livable Structure Count: 0
  • Unit Count: 2
Water & Utilities
Water & Utilities
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Electric: 110V

Property History for 558 Gray Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 558 Gray Court

Taxable ValueLand$10,469Additions$25,940Total$36,409
Tax Record2023$3,284 ($274 / month)
Home Facts
Total Finished SqFt3,532 SqFtAbove Grade Finished SqFt2,063 SqFtFinished Basement SqFt1,469 SqFtStories1Lot Size11,979 SqFtStyleDuplexYear Built1962Year Renovated1997CountyJEFFERSONAPN49-121-03-009Fireplace TypeHas Fireplace

Schools near 558 Gray Court

This home is within Jefferson County R-1 School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Charter - 9 to 12
Public - 7 to 12
Rating
School
Distance
Deane Elementary School
PublicK to 6

Alameda International High School
Public7 to 12

New America School
Charter9 to 12

Jefferson County Open Secondary
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coutts & Company Realty, Jeff Coutts

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.