CBRE is pleased to offer the opportunity to acquire Green Art Apartments, a total of 18 multifamily units across three well-maintained buildings located in Grinnell, IA. Built in 1974 and 1975, these predominantly 2-bedroom, 1-bathroom units cater to a diverse tenant base, making them an ideal addition to any real estate portfolio. Strategically situated near key institutions such as Unity Point Health, Grinnell College, and Iowa Valley Community College this property benefits from high demand and a strong rental market. Address: 101 4th Ave, 915 & 917 Prince St, Grinnell, IA 50112 (one parcel) List Price: $975,000 Cap Rate: 9.41% Year Built: 1974 and 1975 Number of Units: 18 Unit Mix: 1-1BR/1BA, 17-2BR/1BA Total Building SF: 16,344 Avg. In Place Rent: $826 Number of Buildings: 3 Number of Stories: 2 and 3 Parcel Size: 2.44 acres Residents pay Electricity and Gas directly. Opportunity to implement RUBS for Water, Sewer, and Trash.