558 Gray Court Lakewood, CO $ 930,000
558 Gray Court
$ 930,000
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558 Gray Court

Lakewood, CO, 80226
$ 930,000
Bedrooms6 Baths6.0 Sq 4,021

Monthly Estimate*

$ 6,496

Listed by Coutts & Company Realty
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Multi-Family Home for sale in Lakewood, CO

for $930,000 with 6 bedrooms and 6 full baths. This 4,021 square foot home was built in 1962 on a lot size of 0.28.

. 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.

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Multi-Family Contingent

Price

$ 930,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 3,284

Style

Duplex

Lot Size

0.28

Year Built

1962

Town/City

Lakewood

County/Region

Jefferson

MLS | Web ID

2666149

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Available
Possession Close Plus 1 Day
Roof Composition
Appliances Dishwasher Disposal Gas Water Heater Microwave Oven Range Hood Refrigerator
Exterior Features Balcony Private Yard Rain Gutters
Zoning Res
Garage Spaces 3
Patio/Porch Features Covered Deck
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Brick Frame
Exclusions Tenants personal property Sellers tools/materials still on site.
Year Built 1962
Electric 110V
Tenant Pays Cable TV Electricity Gas Internet Telephone Trash Collection Water
View City
Levels Two
Property SubType Duplex
Tax Year 2023
Percent Ownership Individual
Gross Income 25800
County Jefferson
Operating Expense 2431
Property Type Residential Income
HOA / Comm Assn N
Attached Garage Y
Contingency Kickout - Contingent on home sale
Subdivision Name Birdsell
Facing Direction South
Status Pending
Directions 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.
High School Alameda Int'l
City Lakewood
Buyer Agent Compensation 2.8
Entry Location Exterior Access
Senior Community Y/N N
High School District Jefferson County R-1
Lot Size Square Feet 11979
Carport Spaces 0
Street Name Gray
Listing Terms 1031 Exchange Cash Conventional FHA Jumbo VA Loan
Elementary School Deane
Tax Annual Amount 3284
Home Warranty Y/N N
Middle/Junior High School Alameda Int'l
Property Condition Updated/Remodeled
Structure Type Duplex
Standard Status Active Under Contract
Occupancy Description Tenant
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
Cap Rate 5.16
Buyer Agent Compensation Type %
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Interior
Basement Finished
Flooring Carpet Tile
Common Walls 1 Common Wall
Basement (Y/N) Y
Above Grade Finished Area 2063
Street Suffix Court
Laundry Features In Basement
Total Bedrooms 6
Below Grade Finished Area 1469
Entry Level 1
Total Baths 6
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Exterior
Fencing Partial
Parking Features Asphalt Dry Walled Exterior Access Door Finished Heated Garage Lighted
Lot Features Cul-De-Sac
Water Source Public
Total Parking 3
Lot Size Area 11979
Foundation Details Slab
Building Area Total 4021
Lot Size Acres 0.28
Lot Size Units Square Feet
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 558
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* Excluded Features
List By
Coutts & Company Realty

Broker

(720) 341-8118

Phone

Affordability Calculator

$6,770
Per Month
96%
4%
0%
Monthly Principal & Interest
$6,496
Monthly Property Taxes
$274
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3043642 Elementary School
1956032 Middle School
Alameda Int'l High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$930,000 Listed Price

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558 Gray Court, Lakewood, CO, 80226 is a Multi-Family Home for sale at $930,000 with 4,021 sqft and a lot size of 0.28. 558 Gray Court has 6 bedrooms, 6.0 baths, and was built in 1962. The property's zip code is 80226 which is in Lakewood, CO