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711 S Lipan StDenver, CO 80223

Athmar Park 3 · Denver County

$385,000List price
3Beds
2Baths
1,083Sq Ft
1956Year built
0.15Acre lot
2Garage
6 weeks agoOn market

Description

Important information! This home is currently tenant occupied. Showings require 48 hour lead time and there is 60 day PCOA. Inquire for more information. Welcome to your ideal Athmar Park home! This 3-bedroom, 2-bath ranch-style residence offers curb appeal on a generous 6,400 sq ft lot. With original hardwood floors and a functional layout, the home combines classic character with modern potential. The highlight is the expansive, level backyard-perfect for entertaining, gardening, adding an ADU, or simply enjoying the mature trees and outdoor space. Located in the heart of Athmar Park, one of Denver's most beloved and historic neighborhoods, this home offers quick access to Federal Blvd, Santa Fe Drive, I-25, and downtown Denver. Enjoy being steps away from local parks including Aspgren, Huston Lake, Vanderbilt, and Habitat Park. Whether you're commuting or exploring the city, this location is unbeatable. Solidly built and full of opportunity, 711 S Lipan St is move-in ready with room to personalize, making it a rare find in both value and location. Don't miss your chance to call this vibrant neighborhood home! 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.

Property Information

Property type
Residential
Sub-type
Single Family Residence
Year built
1956
Living area
1,083 Sq Ft
Lot size
0.15 acres
Garage spaces
2
Zoning
E-SU-DX
Days on market
44
MLS® Listing#
5226187

Property Features

Appliances
Dishwasher · Refrigerator · Disposal
Heating
Forced Air
Parking
Off Street
Patio
Patio
Fencing
Fenced
Lot features
Level
Construction
Wood Siding
Roof
Composition
Security
Fire Alarm
Sewer
Public Sewer
Water source
Public

Rooms

Main

  • Primary Bedroom
  • Bedroom 2
  • Bedroom 3
  • Kitchen
  • Living Room

Schools

Elementary
Goldrick
Middle
Grant
High
Abraham Lincoln

Financial Details

HOA
None
Annual taxes
$1,971Tax year 2024

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