$139,000

This exceptional investment property is appealing to a range of buyers, ideally situated just two blocks from downtown Grinnell and Grinnell College. Located at 903 East Street, the upstairs apartment features three bedrooms and one bathroom, complete with a full kitchen, living area, and in-unit washer/dryer. The current lease grants the upstairs tenant access to a detached one-car garage. Meanwhile, 1221 4th Avenue offers a first-floor apartment that can be configured as one or two bedrooms, also with a full kitchen, living space, bathroom, and washer/dryer for tenant convenience. This unit has its own separate entrance from 4th Avenue and includes a three-season porch on the south side of the property. Both the first and second-floor apartments underwent renovations in 2014, with a comprehensive electrical upgrade completed in 2015, which included the addition of a second electrical box for the upstairs unit. In 2015, all water lines within the property were replaced, and a new curb stop water shut-off was installed. The roof and gutters were newly replaced in 2023. For current lease details, please reach out. Schedule your tour today!