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
Subdivision Athmar Park 3
MLS Listing ID IRE5226187
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1956
Annual Tax Amount $1,971
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Single Family Residence
Source ires
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
Community Athmar Park 3
Area Metro Denver
Zoning E-SU-DX
Interior
Heating Forced Air
Appliance Dishwasher, Refrigerator, Disposal, Fire Alarm
Exterior
Parking Features Off Street
Garage Spaces 2.0
Fence Fenced
View Y/N No
Roof Type Composition
Porch Patio
Garage Yes
Building
Lot Description Level
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Goldrick
Middle Schools Grant
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Private Owner
Nearby Locations
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