2703 College Ave, Des Moines, IA 50311

Beds
3
Baths
2
Sqft
1,110

Sign in to view any offers or make an offer. View property features, location on map, relevant school information and overview from seller's agent.

Listed byHeartland Realty
  • 0
  • 0

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

Loading

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:

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Des Moines Area Association of REALTORS®. All Rights Reserved.