2703 College Ave, Des Moines, IA 50311
- Beds
- 3
- Baths
- 2
- Sqft
- 1,110
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Overview
Don't miss this outstanding income-producing investment opportunity featuring 5 bedrooms, 2 bathrooms, a separate lot, and exceptional parking amenities.
This well-maintained property is tenant occupied with a lease in place through July 2027, generating $2,500 per month in rental income, making it an ideal turnkey addition to your investment
portfolio.
The home underwent a complete interior remodel in 2023, including all new windows, creating an updated, modern living space while minimizing future maintenance. The roof is less than 10 years old, and the seller reports no known issues, offering added confidence for the next owner.
An added bonus is 2705 College Ave, which includes a detached one-car garage along with surface parking for tenants of both 2703 and 2707, providing valuable off-street parking rarely found in the area.
Whether you're a seasoned investor or looking to begin building your real estate portfolio, this property delivers
immediate cash flow with long-term stability.
This home is located within the Neighborhood Finance Corporation (NFC) lending area. Eligible buyers financing through NFC may qualify for a $15,000 forgivable renovation grant, which could help offset the cost of adding a garage or other qualifying improvements after purchase. Buyer eligibility and program guidelines apply.
Location
Full feature list
Basic info
- Property type
- House
- Number of stories
- 1.5
- Number of bedrooms
- 3
- Number of bathrooms
- 2
- Square feet
- 1,110
- Lot size (acres)
- 0.16
- Year built
- 1927
Interior features
- Basement
- Yes, Partially finished
Exterior features
- Water view
- Yes
Utilities
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount
- $3,379.61
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Des Moines Area Association of REALTORS® MLS MLS®#: 744976 Last checked: …
