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615 East St
Grinnell, IA 50112
Prairie Jewel Apartments (South Campus) · Multifamily Property For Sale
·
31 Units
PROPERTY FACTS
| No. Units | 31 | Lot Size | 1.70 AC |
| Property Type | Multifamily | Building Size | 32,473 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | C | Parking Ratio | 2.55/1,000 SF |
| Zoning | Multi-Residential | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 32,473 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | Multi-Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Yard
- Deck
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
ABOUT 615 EAST ST , GRINNELL, IA 50112
Huge investment potential! 4 apartment buildings with 31 total apartment units. 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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 27 | $605.00 | - |
| 1+1 | 4 | $450.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $993,200 | |
| Land Assessment | $127,470 | Total Assessment | $1,120,670 |
PROPERTY TAXES
