2703 College Avenue, Des Moines, IA 50311
$225,000.00
estimated mortgage
Request InformationBedrooms:
5
Baths:
3
Total Living Space:
822 sq. ft.
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.
Listing courtesy of
Heartland Realty
MLS #:
70708
Year Built:
1927
Total Living Space:
822 SqFt
Lot Size:
0.31 Acres
Style:
Single Family
Bedrooms:
5
Baths:
3
Full Baths:
1
3/4 Baths:
2
Total Living Space:
822 SqFt
Interior Features:
Ceiling Fan(s)
Exterior:
Vinyl Siding
Foundation:
Brick/Mortar
Heat Type:
Forced Air, Natural Gas
Cool Type:
Central Air
Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.