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.
Grinnell is located in Iowa. Grinnell, Iowa has a population of 9,481. Grinnell is more family-centric than the surrounding county with 29.92% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in Grinnell, Iowa is $49,045. The median household income for the surrounding county is $56,080 compared to the national median of $69,021. The median age of people living in Grinnell is 38.6 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 9.8 degrees. The average rainfall is approximately 36.6 inches per year, with 27.2 inches of snow per year.
