1132 Main St - Multi-Family FOR SALE


Grinnell, IA 50112
$369,900 USD
641-325-0010
1132 Main St, Grinnell, IA for Sale
$369,900 USD
Multi-Family - FOR SALE
1/30
null | 8.06% Cap Rate

1132 Main St
Grinnell, IA 50112


OVERVIEW

Multi-family home typically rented to college students. Located just blocks from the college and downtown, this property is in the perfect location. The main floor has a 3 bedroom apartment, the second floor has two 1 bedroom apartments(with emergency latters) and the attic has a 1 bedroom apartment (with emergency window latter). There is an on site laundry room with coin operated washer and dryer. In the basement each unit has it's own electrical box and water heater. New roof, gutters, soffit, fascia and air conditioners from Hail storm in 2023. Grinnell in a college community centrally located on I80 between Des Moines and Iowa City.

FOR SALE DETAILS

PRICE

$369,900 USD

PRICE/SF

$96 USD /SF

# OF UNITS

4

PRICE/UNIT

$92,475

CAP RATE

8.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pioneer Real Estate II

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,037 SF

ZONING

-

APN/PARCEL ID

180-0701600

ASK ABOUT THIS PROPERTY

Penny GableTurnkey Realty LlcMore Info
641-325-0010

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Penny GableTurnkey Realty LlcMore Info
641-325-0010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.