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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.
Last Agent to Sell the Property
Coutts & Company Realty Brokerage Email: mrsoldmakesdeals@gmail.com,720-341-8118 License #40037678
Last Buyer's Agent
Coutts & Company Realty Brokerage Email: mrsoldmakesdeals@gmail.com,720-341-8118 License #40037678
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Kitchen
Flooring
Bedrooms and Bathrooms
Home Security
Outdoor Features
Schools
Utilities
Listing and Financial Details
Overview
Building Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2024 12/29/24 | Off Market | $2,950 | -- | -- |
| 12/03/2024 12/03/24 | Sold | $860,000 | 0.0% | $243 / Sq Ft |
| 11/25/2024 11/25/24 | For Rent | $2,950 | 0.0% | -- |
| 03/21/2024 03/21/24 | For Sale | $930,000 | -- | $263 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,284 | $36,409 | $10,469 | $25,940 |
| 2023 | $3,284 | $36,409 | $10,469 | $25,940 |
| 2022 | $2,431 | $26,346 | $8,059 | $18,287 |
| 2021 | $2,520 | $27,702 | $8,474 | $19,228 |
| 2020 | $2,298 | $25,382 | $7,742 | $17,640 |
| 2019 | $2,269 | $25,382 | $7,742 | $17,640 |
| 2018 | $3,172 | $21,949 | $3,688 | $18,261 |
| 2017 | $2,658 | $21,949 | $3,688 | $18,261 |
| 2016 | $1,768 | $20,114 | $4,098 | $16,016 |
| 2015 | $1,435 | $20,114 | $4,098 | $16,016 |
| 2014 | $2,187 | $15,099 | $3,477 | $11,622 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $592,250 | New Conventional | |
| Previous Owner | $46,500 | New Conventional | |
| Previous Owner | $392,000 | New Conventional | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $100,000,000 | Seller Take Back | |
| Previous Owner | $174,000 | Purchase Money Mortgage | |
| Previous Owner | $301,500 | Unknown | |
| Previous Owner | $249,000 | Unknown | |
| Previous Owner | $28,000 | Stand Alone Second | |
| Previous Owner | $186,000 | Unknown | |
| Previous Owner | $43,000 | Credit Line Revolving | |
| Previous Owner | $112,986 | FHA | |
| Previous Owner | $20,270 | Stand Alone Second |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $860,000 | None Listed On Document | |
| Personal Reps Deed | -- | None Available | |
| Special Warranty Deed | $325,000 | Fntg Ncs Colorado | |
| Deed Of Distribution | -- | None Available | |
| Special Warranty Deed | $217,500 | Stewart Title Of Colorado | |
| Trustee Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
$849,500
Unlock Your Investment Potential with 245-255 Otis Duplex income property. This property currently has one unit occupied at $2,800 a month and the second unit purposely left vacant for a potential owner occupant. With dual income potential, you can live in one unit and rent out the other, or rent both while covering your mortgage and living expenses with ease. Both units feature modern kitchens
Andrew Hicks West Rock Realty, LLC
Source: REcolorado®
MLS Number: 2666149
APN: 49-121-03-009
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