Property Description

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, solidmasonry foundation, and durable metal siding with modern, move-in-ready finishes throughout. The home sits on agenerous 6,750 sq ft (0.155-acre) lot with a 50' frontage, gas forced-air heat, central air, and a functional basement forstorage or mechanicals.The best part for investors: the property is already tenant-occupied at $2,300/month, with the lease secured through July2027 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 parkingThis 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.

Property Features

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