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 $364
Subdivision Athmar Park 3
MLS Listing ID 5226187
Style Traditional
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1956
Lot Size 6,400 Sqft
Acres 0.15
Property Sub-Type Single Family Residence
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
Interior
Heating Forced Air
Cooling None
Flooring Vinyl, Wood
Appliance Dishwasher, Disposal, Oven, Range, Refrigerator
Exterior
Exterior Feature Garden, Private Yard
Fence Full
Waterfront Description Public
Roof Type Composition
Porch Covered, Patio
Private Pool No
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Senior Community No
Tax ID 5164-04-017
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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