Price
$ 1,612,000
615 East ST, Grinnell, IA 50112  
  • 0 beds
  • 16,498 sqft

615 East ST, Grinnell, IA 50112  

Huge investment potential! 4 apartment buildings with 27 2 bedroom units, 4 1 bedroom units, 14 garage units, 615, 627 & 631 East St, 616 & 628 High St. Very low vacancy. Average rent of about $605.00 for the 2 bedroom units, $450.00 for the one bedroom units, $50.00 for the one stall garages, with laundry income! Most of the units have been greatly renovated and improved. 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. Walking distance to Grinnell College, & Downtown Grinnell. Don't miss out on the opportunity of these proven and producing income properties.

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  • Listing Type Multi-Family
  • Listing ID 562603
  • Bedrooms 0
  • House Size 16,498 sqft
  • Lot Size 1.70 acres
  • Listing Status Active
  • Year Built 1978
  • County Poweshiek
  • County School District GrinnellNewburg
  • Zoning Res
  • Taxes 27026.0
Listing courtesy of RE/MAX Partners Realty

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