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Off market
  • $331,400

    1200 Reed St, Grinnell, IA 50112

    --beds
    0baths
    1,820sqft
    MultiFamily
    Built in 1963
    -- sqft lot
    $331,400 Zestimate®
    $182/sqft
    $1,029 Estimated rent

    Home value

    $331,400

    $302,000 - $361,000

    $1,029/mo

    Zestimate® history
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    $1,755/mo

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    What's special

    Check out this one of a kind apartment building!The propertycurrently has4 spacious 2 bedroom units, but has the potential to finish a 5th unit on thebottom level.There have been no issues keeping them rented, and there is currently a waiting list. Owner has updated nearly everything over the past 5 years: new electric meters, breaker boxes, 4 high efficiency furnace and air conditioner units, high quality windows, new gutters and downspouts, doors, flooring, and much more. The building has a full basement with a poured foundation.The basement holdsthe partially finished 5thunit that would work as a handicap accessible unitwhen completed,a coin operated washer and dryer for additional income, and storage spaces for the tenants.Fully occupied, clean, and meticulously maintained.This investment is the definition of 'turn-key'!!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Gas
    Cooling
    • Other
    Appliances
    • Included: Range / Oven, Refrigerator
    Interior area
    • Total interior livable area: 1,820 sqft

    Property

    Features
    • Exterior features: Brick
    Lot
    • Size: 0.30 Acres
    Details
    • Zoning: Multiresidential

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1963

    Utilities & green energy

    • Utilities for property: 113.00

    Community & neighborhood

    Location
    • Region: Grinnell

    Other

    Other facts
    • AC Type: Central A/C
    • Property Type: Multi Family
    • Heating: Gas Forced Air
    • Common Features: Carpets, Security Deposit, Extra Storage, W/D Hookups, Common Util. Room, Drapes/Curtains, Hardwood
    • Util. Paid by Renter: Electricity, Water, Cable/Satellite, Internet
    • # of Carport Spaces: 0
    • Housekeeping: 0.00
    • # Park Spc (Not Gar): 0
    • Trash/Garbage: 0.00
    • Util. Paid by Owner: Common Area Only
    • Road Surface: Hard Surface
    • Parking: Lot
    • Property Subtype 2: 4 Family
    • Property Subtype 1: Apartment
    • Lawn and Snow Care: 100.00
    • SqFt Main: 17.00
    • Utilities: 113.00
    • Water: 25.00
    • Zoning: Multiresidential

    Price history

    DateEventPrice
    6/22/2022Sold$300,000-6.3%$165/sqft
    Source: DMMLS #650502
    6/6/2022Pending sale$320,000$176/sqft
    Source: DMMLS #650502
    4/26/2022Listed for sale$320,000+23.3%$176/sqft
    Source: DMMLS #650502
    1/23/2020Sold$259,500-3.9%$143/sqft
    Source: NoCoast MLS as distributed by MLS GRID #5469986
    11/29/2019Listed for sale$270,000+80%$148/sqft
    Source: Patriot Realty #35017963

    Public tax history

    Tax history is unavailable.

    Neighborhood: 50112

    Nearby schools

    GreatSchools rating
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