2707 College Ave, Des Moines, IA 50311

Beds
3
Baths
2
Sqft
1,098

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Listed byHeartland Realty
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Overview

Looking for a cash-flowing rental with zero lease-up risk? This fully remodeled 4-bedroom, 2-bathroom home in DesMoines' desirable Northwest submarket is ready to perform from day one.

Completely renovated inside in 2023, this Colonial-style home combines classic 1896 character arched detailing, solid masonry foundation, and durable metal siding with modern, move-in-ready finishes throughout.

The home sits on a generous 6,750 sq ft (0.155-acre) lot with a 50' frontage, gas forced-air heat, central air, and a functional basement for storage or mechanicals.

The best part for investors: the property is already tenant-occupied at $2,300/month, with the lease secured through July 2027 offering an incoming owner immediate, predictable cash flow and no vacancy gap.

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
1,098
Lot size (acres)
0.16
Year built
1896

Interior features

Basement
Yes, Partially finished
Laundry
Main Level

Utilities

Heating
Natural Gas, Forced Air
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount
$2,742.50

Public schools

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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®#: 744974 Last checked:

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