Map
Listed price in listed location currency (USD).
$225,000

320

MLS® 744976

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential
Size 1110 sqft
Garage 
Taxes $3,380
Days Active 16
Lot Size 0.155 Acres
Approx. Age 1927
Avg. Price Per Sqft $202
MLS® Number 744976

Property Address: 2703 College Ave, Des Moines, IA, 50311-2933

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number744976
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
Garage
Approx. Age1927
BasementPartially Finished
Driveway
Garage Spaces
HeatForced Air, Gas, Natural Gas
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 12, 2026List Date
$225,000List Price
  • Commute

Commute

Starting Address
Destination Address
2703 College Ave, Des Moines, IA

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