Real Estate in Grinnell
Matt Karjalahti
641-243-8149641-243-8149

615 East Street, Grinnell, IA 50112 (MLS # 34018742)

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PRICE $2,100,000
SIZE 21,963 sq ft
LOT SIZE 3.08 ac

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. Very low 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.

DAYS ON MARKET 301 LAST UPDATED 2/12/2018
YEAR BUILT 1986 COUNTY Poweshiek
STATUS Sold PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
# OF STORIES 2.0
# PARKING SPACES 0
CEILING HEIGHT (LOW) 8.00
CEILING HEIGHT(HIGH) 0.00
COOLING Window A/C
DOOR WIDTH (HIGH) 0.00
DOOR WIDTH (LOW) 0.00
EXTERIOR Brick, Brick Veneer
FLOOD ZONE Status Unknown
FLOORS Carpet, Concrete Slab, Other/See Remarks, Tile
FOUNDATION Other
GROSS TAX 0.00
HEATING Radiant
IMPROVED STRUCTURE Multiple Buildings
INCENTIVES Not Applicable
LOCATION Other/See Remarks
OVERHEAD DOOR (HIGH) 0.00
OVERHEAD DOOR (LOW) 0.00
PARKING Garage
POSSESSION At Closing
POTENTIAL USE Office, Other, Professional, Retail
PROPERTY SUBTYPE 1 Commercial
PROPERTY TYPE Commercial
ROOF Asphalt, Metal
SQFT FREEZER 0.00
SQFT LRGST FOR LEASE 0.00
SQFT MANUFACTURING 0.00
SQFT MEZZANINE 0.00
SQFT OFFICE 0.00
SQFT OTHER 0.00
SQFT REFRIGERATOR 0.00
SQFT RESIDENCE 0
SQFT WAREHOUSE 0.00
UTILITIES Sewer Connected, Water City
WALLS Drywall, Finished
WIRING 400 or More
ZONING Commercial

ZESTIMATE
615 East Street, Grinnell, IA

RENT ZESTIMATE
$ / mo.  615 East Street, Grinnell, IA

50 Car-Dependent

SATELLITE VIEW



 
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Listed with RE/MAX Partners Realty

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  • Reviews

    5user2065666

    The main thing that stands out working with Matt is it was clear his goal was helping me find a home that I would be happy with now and for years to come. His realistic, easy-going, and common sense approach helped me feel comfortable working with him. ... (more)

    5user0235183

    The whole process of buying a house from start to finish which was about 10 months for us was made extremely easy with all of Matts knowledge and expertise. He not only knows about buying and selling houses he is also highly knowledgeable about the whole... (more)

    5user7758004

    We were first time buyers and new to Grinnell. Matt listened to how we described our ideal home AND how we described the level of work we wanted to put into remodeling a home. He also paid attention to who we were and how that translated into our needs in a... (more)

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