Main & Sunset Apartments

914 Main St. & 1629 Sunset St, Grinnell, IA
22 Multifamily & 3 Commercial Units
Number of Units
25
Number of Properties
2
Total Building SF
29712
Total Land Size
1.12
Sale Price
$1,650,000
Cap Rate
7.88%
Cap Rate - Year 2
12.90%
NOI
$129,981
NOI - Year 2
$212,929
Occupancy (blended)
97.00%
Downtown Main Street
Downtown Main Street is 1 mixed-use building with 8 residential units and 3 commercial units located in Grinnell, IA. 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
Sunset Apartments is 1 multi-family buildings with 14 residential units, and 8 garage units located in Grinnell, IA. 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.
1629 Sunset St
1629 Sunset St, Grinnell, IA 50112
$875,000
Number of Units
14
Land SF
33,087
Year Built
1989
Building SF
10,038
Land Acres
.76
# of parcels
1
Downtown Main Street
914 Main St, Grinnell, IA 50112
$775,000
Number of Units
11
Land SF
15,758
# of parcels
1
Building SF (Above Ground)
17,336
Land Acres
.36
Year Built
1899