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.
- Basement:
- Full
- Parking:
- Other
- Sewer:
- City Sewer/Connected
- Country:
- US
- State:
- IA
- County:
- Polk
- City:
- Des Moines
- Zipcode:
- 50311
- Street:
- College
- Street Number:
- 2703
- Street Suffix:
- Avenue
- Directions:
- Take Exit 7A for Martin Luther King Jr. Parkway / 19th Street. At the end of the exit ramp, head north on Martin Luther King Jr. Parkway. Continue approximately 0.8 miles to College Avenue. Turn left (west) onto College Avenue. Continue to 2303 College Ave, which will be on your left.
- Agent First Name:
- Lora Olerich
- Office Name:
- Heartland Realty
- List Office MLSID:
- 318000456
- Association Fee:
- $0
- Sold Price:
- $0
- Original List Price:
- $0
- Prior List Price:
- $0
- List Price Low:
- $0
- List Price High:
- $0
- Insurance Fee:
- $0
- Percent Price Difference:
- $0
- Search Price:
- $0
- Gross Income:
- $0
- NetIncome:
- $0
- Expense Insurance:
- $0
- Gross Taxes:
- $0
- Tax With Assessments:
- $0
- Net Taxes:
- $0
- Levels:
- One and One Half
- Lot Size Dimensions:
- 50 x 135
- Previous Price:
- 225000
- Water Source:
- Public
- Accessibility Features:
- None
- Construction Materials:
- Other
- Tax Annual Amount:
- 3379
- List Agent Mls Id:
- MI318000174
- List Office Mls Id:
- 318000456
- Mls Status:
- Active
- Modification Timestamp:
- 2026-07-15T01:01:42Z
- Originating System Name:
- NoCoast
Residential
2703 College Avenue, Des Moines, Iowa 50311
- Listing Status :
- Active
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- 6340315
- Price :
- $225,000
- Bedrooms :
- 5
- Bathrooms :
- 3
- Total Finished SqFt :
- 1,110 Sqft
- Year Built :
- 1927
- Full Bathrooms :
- 1
- Property Sub Type :
- Single Family Residence
