2707 College Avenue, Des Moines, IA 50311

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
2707 College Avenue,Des Moines, IA 50311
$220,000
  • 3 Beds
  • 2 Baths
  • 1,098 sq. ft.
  • Single family
  • Active
Listed by: lora olerich
Office: heartland realty
MLS#:744974
Source:IA_DMAAR

Price summary

  • Price:$220,000
  • Price per sq. ft.:$200.36

About this home

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...

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Home facts

  • Year built:1896
  • Listing ID #:744974
  • Added:56 day(s) ago
  • Updated:September 06, 2026 at 03:12 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove
  • Basement:Yes
  • Basement Description:Partially Finished
  • Living area:1,098 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1896
  • Building area:1,098 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Cape Cod
  • Construction Materials:Metal Siding
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$220,000
  • Price per sq. ft.:$200.36
  • Tax amount:$2,743

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Laundry features:Dryer, Main Level, Washer

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