Jennifer Weigel - Nerem & Associates Real Estate Logo
$220,000
 $1,181 est/mo Sourced by Back At You

2707 College Avenue,Des Moines, IA 50311

Des Moines, IA 50311

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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, 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 adding a garage or other qualifying improvements after purchase. Buyer eligibility and program guidelines apply.

Details

MLS #744974
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1896
Days On Site39
Listing Provided ByHeartland Realty | Lora Olerich

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,098
BasementY
ZoningRes
Acreage0.16

Exterior

Lot FeaturesRectangular Lot

Taxes

Tax Annual Amount2742.5

Area Information

StateIA
CountyPolk
CityDes Moines
Zip Code50311
AreaDes Moines N.East
Listing VS Median (in 50311)
Price:
$220,000
low | high
Med:
$234,900
43.227272727273% of Average
sqft:
1,098
low | high
Med:
1,011
57.969034608379% of Average
$ / sqft:
$200
low | high
Med:
$232
33.971482127498% of Average
On site:
39
low | high
Med:
83
46.987951807229% of Average
Sourced by Back At You

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The information is being provided by Des Moines Area Association of REALTORS®. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.

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Learn More About This Property

Jennifer Weigel

Jennifer Weigel

Nerem and Associates

 (515) 230-5535jenniferaweigel@gmail.com
StateIA
CountyPolk
CityDes Moines
Zip Code50311
AreaDes Moines N.East
Listing VS Median (in 50311)
Price:
$220,000
low | high
Med:
$234,900
43.227272727273% of Average
sqft:
1,098
low | high
Med:
1,011
57.969034608379% of Average
$ / sqft:
$200
low | high
Med:
$232
33.971482127498% of Average
On site:
39
low | high
Med:
83
46.987951807229% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $165K - $275K
sqft: 824 - 1,000
Nearby Listings Property ImageNearby Listings Details
2736 College Avenue Property Photo 1
$152,500
2736 College Avenue
Des Moines, IA 50311
Listing Updated: July 22, 2026 at 1:32:35 PM PDT