1200 Reed St, Grinnell, IA 50112

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'!!