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Calling all Investors - Rare opportunity to acquire an Apartment Portfolio in Grinnell, IA! The portfolio has 22 multifamily and 3 commercial units. Downtown Main Street is 1 mixed-use building with 8 residential units and 3 commercial units. There are (2) 1 bedroom, (5) 2 bedroom, and (1) 3 bedroom residential units. Additionally, there are 3 commercial suites on the main floor. Coin Laundry is owned and located in the common area. The building has 8 private parking spots for residential tenants. Sunset Apartments is 1 multi-family building with 14 residential units, and 8 garage units. The building is comprised of all 2 bedroom units. Coin Laundry is owned and located in the common area. There are approximately 24 private parking spots for tenants. Offering Memorandum available upon request. Letter of Intent must be submitted prior to any showing.

PROPERTY FEATURES

Water Source : Public Sewer System : PublicSewer
Parking Features : Garage : Yes. Garage Spaces: 4
Lot Features : RectangularLot Road Surface Type : Concrete Roof : Asphalt,Rubber,Shingle
Zoning : R, C
Heating : Yes. Heating : Baseboard,Electric,ForcedAir,Gas,HeatPump,NaturalGas Cooling : Yes. Cooling : CentralAir
Construction Materials : Brick,VinylSiding Foundation Details: Block,BrickMortar
Basement Description : Finished
Below Grade Finished Area : 4083 S.F

PROPERTY DETAILS

Street Address: 1629 Sunset Street
City: Grinnell
State: Iowa
Postal Code: 50112
County: Poweshiek
MLS Number: 705144
Year Built: 1989
Courtesy of RE/MAX Partners Realty

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