An outstanding investment property attractive to a wide audience, strategically located within two blocks of downtown Grinnell and Grinnell College. 903 East Street, with a separate interior entrance, is an upstairs three-bedroom, one bathroom apartment, with a full kitchen, living space, and washer/dryer within the apartment. The current lease allows the upstairs tenant use of the one car detached garage. 1221 4th Avenue is a one- or two-bedroom first floor apartment featuring a full kitchen, living space, bathroom, and washer and dryer for tenants. The first-floor apartment also has a separate entrance off 4th Avenue. This unit includes a three-season porch on the south side of the home. The interior of the first and second floor apartments was renovated in 2014. There was a complete electrical update in 2015 with a second box added to the upstairs apartment. All new water lines inside the property in 2015, and a new curb stop water shut off was new in 2015 as well. The roof and gutters were new in 2023. Current lease information is available upon request. Call for a private tour today!