615 East Street
Grinnell, IA 50112
MLS #35014983

Multi Family
  • 1.7acres
  • 74,052sq ft
$1,612,000
Est. P&I payment: $6156.75/mo
615 East Street, Grinnell, IA 50112
  • 615 East Street, Grinnell, IA 50112 Photo 1
  • 615 East Street, Grinnell, IA 50112 Photo 2
  • 615 East Street, Grinnell, IA 50112 Photo 3
  • 615 East Street, Grinnell, IA 50112 Photo 4
  • 615 East Street, Grinnell, IA 50112 Photo 5
  • 615 East Street, Grinnell, IA 50112 Photo 6
  • 615 East Street, Grinnell, IA 50112 Photo 7
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Description for 615 East Street, 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.
MLS #35014983
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My Notes for MLS #35014983

General Features

  • Acres: 1.7
  • Area: Central
  • Lot Square Footage: 74,052
  • Price Per Acre: 948,235.29
  • Price Per Square Foot: 97.71
  • Property Subtype 1: Apar
  • Property Type: Multi Family
  • Square Footage: 16,498
  • Year Built: 1978
  • Garage Spaces: 14
  • Disability Access: Yes
  • Common Features: Patio,​Vinyl/Laminate
  • Lot Dimensions: 165 X 150 & 300 X 165
  • Parking: Private Garage
  • # Park Spc (Not Gar): 28
  • Roof: Composition,​Other
  • Zoning: Multi

Miscellaneous Features

  • Auction: N

Interior Features

  • Common Appliances: Dryer-Coin,​Washer-Coin,​Window A/C

Financial Features

  • Util. Paid by Owner: Garbage
  • Util. Paid by Renter: Electricity,​Internet,​Water

Utility Features

  • Cooling: Window A/C
  • Heating: Radiant

School Features

  • Schools: Grinnell Newburg

Exterior Features

  • Exterior: Bric
  • Sidewalk: Yes
The listing information for 615 East Street, Grinnell, IA 50112 was graciously provided by our friends at the listing brokerage, RE/MAX Partners Realty

Location

 
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Directions to 615 East Street, Grinnell, IA 50112
Hwy 6 to Est St South to buildings

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P&I Payment $6156.75
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on McNaul Real Estate Inc.'s websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. McNaul Real Estate Inc., Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 10/19/2018 at 9:53pm
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