Calling all Investors - Rare opportunity to acquire an Apartment Portfolio in Grinnell, IA! The portfolio has 22 multifamily and 3 commercial units. Downtown Main Street is 1 mixed-use building with 8 residential units and 3 commercial units. There are (2) 1 bedroom, (5) 2 bedroom, and (1) 3 bedroom residential units. Additionally, there are 3 commercial suites on the main floor. Coin Laundry is owned and located in the common area. The building has 8 private parking spots for residential tenants. Sunset Apartments is 1 multi-family building with 14 residential units, and 8 garage units. The building is comprised of all 2 bedroom units. Coin Laundry is owned and located in the common area. There are approximately 24 private parking spots for tenants. Offering Memorandum available upon request. Letter of Intent must be submitted prior to any showing.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,303
Per Month
Principal & Interest
$8,236
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,013
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Davis Elementary School
818 Hamilton Ave
Distance between this listing and this school1.37 miles
Public District Grades 3-4
4
/10
East Marshall Elementary School
201 E Weissenburger St
Distance between this listing and this school12.87 miles
Public District Grades PK-3
8
/10
Lynnville-Sully Elementary School
12476 Highway F62 E
Distance between this listing and this school13.07 miles
Public District Grades KG-5
Nearby Schools
5
/10
Grinnell Community Middle School
132 East St S
Distance between this listing and this school1.97 miles
Public District Grades 5-8
2
/10
East Marshall Middle School
225 S Elm St
Distance between this listing and this school8.88 miles
Public District Grades 4-8
9
/10
Lynnville-Sully Middle School
12476 Highway F62 E
Distance between this listing and this school13.07 miles
Public District Grades 6-8
Nearby Schools
6
/10
Grinnell Community Senior High School
1333 Sunset St
Distance between this listing and this school0.25 miles
Public District Grades 9-12
6
/10
Lynnville-Sully High School
12476 Highway F62 E
Distance between this listing and this school13.07 miles
Public District Grades 9-12
5
/10
Brooklyn-Guernsey-Malcom Jr-Sr High School
1090 Jackson St
Distance between this listing and this school15.01 miles
The neighbors living near this home have an average income of $99,256. Most Grinnell, IA residents have annual incomes between $100k-200k. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1629 Sunset St
What is the listing price of this property?
The listing price of 1629 Sunset St property is $1,650,000.
What type of property is this?
The property 1629 Sunset St is a condo located in Grinnell, Iowa, 50112.
Is this property for sale now?
Active Listing: 1629 Sunset St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 1629 Sunset St has 43 bedrooms and 22 bathrooms.
What is the square footage of this property?
The property 1629 Sunset St is 10,038 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1629 Sunset St is 1989.
This home is located at 1629 Sunset St in Grinnell, IA and zip code 50112. This 10,038 square foot home, which was built in 1989, sits on a 0.76 acre lot. Features: 43 bedrooms, 22 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $1,650,000.
Grinnell, IA housing market in October 2024 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 3 sold below. The median list price of listings available in October 2024 was $177,500, while the average time on the real estate market was 89 days.
From Rocket Homes Real Estate and based on county public records data.