$16,000,000
428 East St E, Grinnell, IA 50112
128 Beds
56 Baths
n/a SqFt

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Portfolio Sale of 9 Multifamily and 1 Commercial Property for a total of 253 residential units and 2 commercial units. Located in Grinnell and Mt. Pleasant, Iowa. Grinnell Properties: Gracie Park Apartments is 9 multi-family buildings with 56 residential units, 22 garages and 1 management building. There is (40) 2 bedroom and (16) 3 bedroom units. Longview East/High Street Apartments is 4 multi-family buildings with 31 residential units, (30) 2 bedroom units, (1) 1 bedroom unit and 14 garages. Longview West Street Apartments is 2 multi-family buildings with 18 residential units, (16) 2 bedroom units, (2) 1 bedroom units and 14 garages. Longview West Street includes a Commercial property with 2 business suites. Reed Street Apartments is 3 multi-family buildings with 46 residential units, (45) 2 bedroom units, (1) 1 bedroom unit and 17 garages. Annie O. Apartments is a 4-plex with all 2 bedroom units. Mt. Pleasant Properties: Southpark Apartments is 4 multi-family buildings with 48 residential units, (24) 2 bedroom units, (24) 1 bedroom units and 1 maintenance garage. Englewood Apartments is 3 multi-family buildings with 24 residential units, (12) 2 bedroom units, (12) 1 bedroom units and 1 maintenance garage. Haynes Apartments is 2 multi-family buildings with (16) 2 bedroom units. Lincoln Apartments is 2 multi-family buildings with 8 residential units, (7) 2 bedroom units and (1) 1 bedroom unit.
  • Price:
  • $16,000,000
  • Bedrooms:
  • 128
  • Full Baths:
  • 56
  • Acreage:
  • 3.80
  • Year Built:
  • 1979
  • Listing ID #:
  • 663429
  • Street Address:
  • 428 East St E
  • City:
  • Grinnell
  • State:
  • Iowa
  • Postal Code:
  • 50112
  • County:
  • Poweshiek
  • Community:
  • Grinnell
  • Listing Status:
  • Active
  • Listing Type:
  • Multi Family
School District: Grinnellnewburg
  • Construction Description:
  • Brick, Vinyl Siding
  • Foundation:
  • Poured
  • Number Of Units:
  • 56
  • Type Of Roof:
  • Asphalt, Shingle
  • Year Built:
  • 1979
  • Conforms To Zoning:
  • M
  • Lot Square Footage:
  • 165528
  • Road Type:
  • Asphalt
  • Days On Market:
  • 89
  • Originating Mls:
  • Dmaar
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $54,769
  • Tax Year:
  • 2021
  • Garage Parking Spaces:
  • 4
  • Has Garage:
  • 1
  • Parking Description:
  • Detached, Garage
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By RE/MAX Partners Realty
  • IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Last Updated February 5, 2023 DESMOINES