Callie Miller
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
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.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 1,110
Built in 1927
General Information
Bedrooms: 5
Bathrooms: 3
Sqft: 1,110
County: Polk
Listed By:
Heartland Realty
515-432-8872
No Coast MLS
MLS ID: 6340315
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2703 College Avenue, Des Moines, IA 50311.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $225,000 | $225,000 | $225,000 |
| Down Payment | $45,000 | $7,875 | $56,250 |
| Monthly Mortgage Amount | $1,108 | $1,342 | $1,401 |
| Taxes | $313 | $313 | $313 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $99 | $0 |
| Monthly Estimated Total | $1,521 | $1,854 | $1,814 |
Callie Miller
REALTOR®
Cell: (563) 676-9109
Licensed in Iowa
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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