Property Description
Don't miss this outstanding income-producing investment opportunity featuring 5 bedrooms, 2 bathrooms, a separatelot, and exceptional parking amenities. This well-maintained property is tenant occupied with a lease in place throughJuly 2027, generating $2,500 per month in rental income, making it an ideal turnkey addition to your investmentportfolio.The home underwent a complete interior remodel in 2023, including all new windows, creating an updated, modernliving space while minimizing future maintenance. The roof is less than 10 years old, and the seller reports no knownissues, 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 ofboth 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 deliversimmediate cash flow with long-term stability.
Property Features
Property Type: Residential - Single Family
Basement: Full, Sump Pump
Basement: Yes
Cooling: Central Air
Heating: Forced Air, Natural Gas
Home Style: Cape Cod
Lot Size: 0.15 Acres
Year Built: 1927
Amenities
Ceiling Fan(s)
Feature Descriptions
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Baths 3/4: 2
Baths Full: 1
Days on Site: 6
Exterior: Vinyl Siding
Features: Ceiling Fan(s), Letter of Compliance, Main Floor Bedroom, Sump Pump
Flooring: Luxury Vinyl, Carpet
Foundation Details: Brick/Mortar
Heating Y/N: Yes
Lot Dimensions: 50 x 135
Parcel #: 080/06424-000-000
Sewer: Public Sewer
SQFT Finished Above Grade: 822
SQFT Finished Below Grade: 635
Water: Public
Zoning: Res
Local Schools
School District: Des Moines
Listed By / Shown By
Listed By
Agency Name: Heartland Realty
Agency Phone: 515-432-8872
Shown By
Agent Name: Patty Grove
Agent Phone: (515) 290-1041
Agency Title: Hunziker & Associates, REALTORS
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Estimated Payment
$ 1,203.35 per month $1,137.72 Principal & Interest $0.00 Property Tax (data not provided by mls) $65.63 Homeowner's InsuranceChange Payment Information
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2703 College Avenue | MLS# 70708
This single family home located at 2703 College Avenue, Des Moines, IA 50311 is currently listed for sale with an asking price of $225,000. This property was built in 1927 and has 5 bedrooms and 3 full baths with 1110 sq. ft. College Avenue is located within the Des Moines school district. Search Des Moines real estate on patty.hunzikerrealty.com today.