4000 University Ave

High-End Smart Home | Unique Rent-To-Own or conventional purchase 1BD/1BA at 4000 University Ave #7 interest starting at 3.99% Beautiful newly renovated 1bdrm 1bath with ample closet and stainless steel appliances. Why rent when you can build equity? Welcome to Unit 7 at 4000 University Ave a beautifully renovated 1-bedroom, 1-bathroom residence offering custom designer upgrades, smart technology, and flexible lease-option terms. Whether you are a Drake student or faculty member, a young couple, a single professional, or looking for an ideal second home, this property offers rare luxury in a quiet neighborhood setting. Property Highlights & Amenities: Exclusive Climate Control: Stands out as the only unit in the entire building equipped with central air conditioning, managed by a Nest thermostat. Smart Technology Integration: Keyless entry via August smart locks, Nest smoke detectors, app-controlled lighting, Legrand light switches, and built-in USB outlets throughout. Gourmet Kitchen: Features stone granite countertops, butcher block work surfaces, open shelving, stainless steel appliances, a full refrigerator, and a dishwasher. Spa-Inspired Bath: Unwind in a luxurious jetted tub with a rain shower head and bidet-ready electrical wiring. Premium Interior Detailing: Stunning herringbone floors, new windows, upgraded light fixtures, and elegant chandeliers. Abundant Storage & Living Space: Includes built-in shelving, an expansive main closet, a dedicated cedar closet, and a private secondary storage room conveniently located right across the hall. Ultimate Convenience: In-unit full-size washer and dryer, easy walk-up access with no stairs, dedicated bike storage, and ample on-site parking. Lease-Option / Rent-To-Own Terms: Minimum Down Payment: $15,000 Monthly Rate: Customized based on tenant credit profile and down payment contribution. Furnishing: Optional furniture package available for a seamless move-in. Maintenance Terms: Routine maintenance is tenant responsibility, with an optional owner-managed maintenance program available for a monthly fee. Insurance & Policies: Homeowner's insurance policy required. Strictly a non-smoking property. HOA & Utilities: $250/month HOA fee covers water and trash. Utilities are paid separately and average ~$100/month. Why rent when you could rent to own? Optional to come furnished. Great for Drake college students, young couples, singles, or as a second home. - full w/d in-unit - full fridge - new windows - jetted tub - herringbone floors - walk up, no stairs - new fixtures, chandeliers - smart home technology: lighting, August locks, nest smoke detectors - quiet neighborhood - ample parking - butcher block - bike storage - secondary storage room across the hall - only unit with central air/ac - rain shower - bidet ready electrical - usb outlets - Legrand light switches - ample closet - cedar closet - stone granite counters - shelves - dishwasher - nest thermostat Unique Rent-To-Own Opportunity | 4000 University Ave Unit 7 Take the first step toward owning your home at 4000 University Ave, Unit 7. This lease-option arrangement gives you the benefits of working toward property ownership with flexible, custom-tailored terms. Financial & Lease Terms: Program Type: Rent-To-Own / Lease-Option/for sale Down Payment: $15,000 minimum required Monthly Rate: Tailored to your credit profile and down payment contribution Insurance Requirement: Homeowner's insurance policy required HOA Fee: $250/month (Includes water and trash removal) Estimated Utilities: Paid separately, averaging ~$100/month Key Highlights: Flexible Maintenance Plans: Routine maintenance is the tenant's responsibility, but an optional owner-managed maintenance service is available for an additional monthly fee. Furnishing Flexibility: Optional furniture packages available if you prefer a move-in-ready setup. Building Policy: non-smoking property.