$399,000

Would you like your home to pay your mortgage? Welcome to the Cottage! The clever design of this home provides an opportunity for the new homeowner to realize significant income potential while living in a beautiful setting. The 1st floor boasts large living and dining rooms, a gorgeous sunroom, a full kitchen, a wood-burning fireplace, two ensuite bedrooms, and a guest bath. Include the basement laundry, full bath, kitchen & 2 bedrooms, & it would make the perfect living area for the new owners. The 2-bedroom 2nd floor & the Loft on the 3rd floor have their own private entrances, living spaces & laundry - perfect for Drake Students! The property combines historic charm with sympathetic updates. Inside, you'll find original hardwood floors and crown moldings. The gardens provide a private retreat with a gazebo, fountain, & beautiful low maintenance landscaping. Located a block away from Drake University Cowles Library, it has a WalkScore rating of 92 out of 100 & is a walker's paradise. Always wanted to own a B&B? The Cottage was a well-known Bed & Breakfast & Wedding Venue & it can be again. Restaurants, movie theater, grocery, & drug stores are within easy walking distance. The Cottage is only steps away from one of the area's most sought-after universities. This rare home delivers exceptional versatility & income potential limited only by your imagination! Located within NFC lending area the buyer may qualify for special financing including forgivable loans & zero PMI.