711 S Lipan, Denver, CO 80223
Local realty services provided by:LUX Real Estate Company ERA Powered
711 S Lipan,Denver, CO 80223
$385,000
- 3 Beds
- 2 Baths
- 1,083 sq. ft.
- Single family
- Active
Listed by: nikolina jugovic
Office: real broker, llc. dba real
MLS#:5226187
Source:ML
Price summary
- Price:$385,000
- Price per sq. ft.:$355.49
About this home
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....
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Home facts
- Year built:1956
- Subdivision & Development:Athmar Park 3
- Listing ID #:5226187
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Vinyl, Wood
- Kitchen Description:Dishwasher, Disposal, Oven, Range, Refrigerator
- Living area:1,083 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1956
- Building area:1,083 sq. ft.
- Lot Features:Level
- Architectural Style:Traditional
- Construction Materials:Wood Siding
- Exterior Features:Covered, Garden, Patio, Private Yard
- Levels:1 Story
Schools
- High school:Abraham Lincoln
- Middle school:Grant
- Elementary school:Goldrick
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$385,000
- Price per sq. ft.:$355.49
- Tax amount:$1,971
Parking
- Parking description:Driveway-Dirt, Driveway-Gravel
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