Price
$ 2,400,000
Pending

615 East ST, Grinnell, IA 50112  
  • 0 beds
  • 49 baths
  • 21,963 sqft

615 East ST, Grinnell, IA 50112  

Huge investment potential! 6 apartment buildings with 43 2 bedroom units, 6 1 bedroom units, 28 garage units, 2 commercial retail/office units. 615, 627 & 631 East St, 616 & 628 High St, 1109 & 1115 West St. Very low vacancy. Average rent of about $575.00 for the 2 bedroom units, $425.00 for the one bedroom units, $50.00 for the one stall garages, Most of the units have been greatly renovated and improved. After much hard work and a lot of capital, these properties have been transformed into some of the nicest apartment rentals in Grinnell. Representing a large fraction of Grinnell's rental marketshare, and in their current condition, these remarkable properties will be able to produce generous income for many years to come. Don't miss out on the opportunity of these proven and producing income properties. Owner of this property currently has an inactive IA real estate license.

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Listing Type
Multi-Family
Listing ID
537574
Bedrooms
0
Bathrooms
49
House Size
21,963
Lot Size
3.08 acres
Listing Status
Contract Pending
Year Built
1986
County
Poweshiek
Full Bath
49
County School District
GrinnellNewburg
Zoning
M
Taxes
44378.0
Listing courtesy of RE/MAX Partners Realty
Price History
Date Listed at or
8/18/2017 $2,400,000 $200,000
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