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1132 Main St - Pioneer Real Estate II 4 Unit Apartment Building Offered at $369,900 at a 8.06% Cap Rate Grinnell, IA 50112
EXECUTIVE SUMMARY
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.
Grinnell in a college community centrally located on I80 between Des Moines and Iowa City.
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Laundry Service
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 6+5 | 4 | $2,825 | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 180-0701600 | Improvements Assessment | $173,900 |
| Land Assessment | $30,900 | Total Assessment | $204,800 |
PROPERTY TAXES
Parcel Number
180-0701600
Land Assessment
$30,900
Improvements Assessment
$173,900
Total Assessment
$204,800
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Presented by
Turnkey Realty Llc
1132 Main St - Pioneer Real Estate II
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