1135 Lipan St
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1135 Lipan St
6 Unit Apartment Building $1,325,000 ($220,833/Unit) 5.32% Cap Rate Denver, CO 80204
Investment Highlights
- Ample Off-Street Parking
- Many system updates including wiring and plumbing
- Renovated units
- Below market rents for current condition
Executive Summary
1135-1139 Lipan Street Apartments feature 6 charming units situated in Denver’s vibrant Lincoln Park Neighborhood. Constructed in 1890, the property exudes a unique vintage appeal. It’s conveniently located just steps from a variety of events, music venues, restaurants, and shops. The apartment mix includes 4 one-bedroom units and 2 large one-bedroom units. There is one to one off street parking and a common laundry facility.
Property Facts
| Price | $1,325,000 | Property Subtype | Apartment |
| Price Per Unit | $220,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.32% | Building Size | 3,306 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1943 |
| Price | $1,325,000 |
| Price Per Unit | $220,833 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,306 SF |
| No. Stories | 2 |
| Year Built | 1943 |
Unit Amenities
- Tub/Shower
Site Amenities
- 24 Hour Access
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Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 5041-18-042 | Improvements Assessment | $61,550 |
| Land Assessment | $24,330 | Total Assessment | $85,880 |
PROPERTY TAXES
Parcel Number
5041-18-042
Land Assessment
$24,330
Improvements Assessment
$61,550
Total Assessment
$85,880
zoning
| Zoning Code | U-TU-B (Urban 2 Unit) |
| U-TU-B (Urban 2 Unit) |
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1135 Lipan St
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