Listed by Ae Realty, Inc.
$133,500
1604 5th Avenue
Details
APN 0473500
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 3
NOI $19,340
Year Built 1900
Stories 2
Acreage 0.350
Multifamily | 3 Units
Marketing description
Seller offering $5,000 credit towards rate buy down, closing costs or possible updates. Large tri-plex located just seven blocks from downtown Grinnell and Grinnell College makes this investment property is a great opportunity for new or seasoned investors. Currently vacant for the next owner to choose tenants. The most recent (2025) monthly rents were $1,000 (main floor 2 bed/1 bath, $950 (upper 3 bed/1 bath), and $825 (lower level 1 bed/1bath). Each level is it's own unit. There is off street parking available and a large lot present space to build a garage. Upper unit has no photos yet. Call today to schedule a private showing.
Listing Contacts
Listed by Ae Realty, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,340.00
$1,611.67/mo
Valuation Metrics
0
DSCR
14.49%
Cap Rate
14.49%
ROI
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