Description
Looking for a cash-flowing rental with zero lease-up risk? This fully remodeled 4-bedroom, 2-bathroom home in Des Moines' 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. 2703, 2705 & 2707 College Ave, Des Moines are being sold as a package. - 2705 vacant lot for tenant off-street parking
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 7,098
Built in 1896
General Information
Bedrooms: 4
Bathrooms: 2
Sqft: 7,098
County: Polk
Listed By:
Heartland Realty
515-432-8872
No Coast MLS
MLS ID: 6340313
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2707 College Avenue, Des Moines, IA 50311.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $220,000 | $220,000 | $220,000 |
| Down Payment | $44,000 | $7,700 | $55,000 |
| Monthly Mortgage Amount | $1,098 | $1,330 | $1,370 |
| Taxes | $306 | $306 | $306 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $97 | $0 |
| Monthly Estimated Total | $1,504 | $1,833 | $1,776 |