711 S Lipan St Denver, CO 80223
3 Beds
2 Baths
1,083 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,083 sqft
Subdivision Athmar Park 3
MLS Listing ID 9950779
Style Ranch
Bedrooms 3
Full Baths 2
HOA Y/N false
Abv Grd Liv Area 1,083
Year Built 1956
Annual Tax Amount $1,971
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Residential-Detached
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
Area Metro Denver
Zoning E-SU-DX
Rooms
Primary Bedroom Level Main
Bedroom 2 Main
Bedroom 3 Main
Interior
Heating Forced Air
Appliance Dishwasher, Refrigerator, Disposal
Exterior
Garage Spaces 2.0
Fence Fenced
Roof Type Composition
Street Surface Dirt,Gravel
Handicap Access Level Lot
Porch Patio
Building
Lot Description Level
Story 1
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Goldrick
Middle Schools Grant
High Schools Abraham Lincoln
School District Denver 1
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
