615 East St
Grinnell, IA 50112
Prairie Jewel Apartments · Multifamily Property For Sale · 43 Units

Huge investment potential! 6 apartment buildings with 43 2 bedroom units, 6 1 bedroom units, 28 garage units, 2 commercial retail/office units. 615, 627 & 631 East St, 616 & 628 High St, 1109 & 1115 West St. Currently 100% rented with very low average vacancy. Average rent of about $575.00 for the 2 bedroom units, $425.00 for the one bedroom units, $50.00 for the one stall garages, Most of the units have been greatly renovated and improved. After much hard work and a lot of capital, these properties have been transformed into some of the nicest apartment rentals in Grinnell. 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. Don't miss out on the opportunity of these proven and producing income properties. Owner of this property currently has an inactive IA real estate license. Several properties being offered for sale together. 615 East Street, 627 East, 628 High Street, 631 East Street, 616 High Street, 1109 West Street and 1115 West Street. Poweshiek County parcel #'s 0622900, 0584000, 0475800, 0558900, & 0502700. From Des Moines IA Drive East on I80, From Eastern Iowa Drive West on I80, North, to Grinnell exit HWY 146. North into Grinnell. Turn right/East on 2nd Ave to High or East. Apartments are South of 2nd Ave. West St apartments are further North on 146 Cooperationg brokerage for Iowa licensed real estate brokerages only.