3 Beds
2 Baths
1,083 SqFt
3 Beds
2 Baths
1,083 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,083 sqft
Price per Sqft $397
Subdivision Athmar Park 3
MLS Listing ID 9950779
Style Traditional
Bedrooms 3
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,083
Year Built 1956
Annual Tax Amount $1,971
Tax Year 2024
Lot Size 6,400 Sqft
Acres 0.15
Property Sub-Type Single Family Residence
Source recolorado
Property Description
Seller is offercing Closing Cost Concession up to 2%!
This property at 711 S Lipan St also functions as a strong-performing investment asset in Denver's thriving rental market. Currently leased at approximately $2,800 per month, it benefits from the high demand for 3-bedroom homes in the Athmar Park area (Rental rates range from $2,600-$3,300 in this area. With $33,600 in annual rental income and a purchase price of \$430,000, the property yields a gross cap rate of approximately 7.8%—a compelling return compared to the typical 4–5% rates in surrounding neighborhoods. Year over year, it has demonstrated consistent rental performance, making it not only a welcoming primary residence but also a savvy, income-generating opportunity for investors.
Location
State CO
County Denver
Zoning E-SU-DX
Rooms
Main Level Bedrooms 3
Interior
Heating Forced Air
Cooling None
Flooring Vinyl, Wood
Fireplace N
Appliance Dishwasher, Disposal, Oven, Range, Refrigerator
Exterior
Exterior Feature Garden, Private Yard
Parking Features Unpaved, Gravel
Fence Full
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
Schools
Elementary Schools Goldrick
Middle Schools Grant
High Schools Abraham Lincoln
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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Realtor | Lic# 323229