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2150 NE 18th St
Grimes, IA 50111
Asking Price
$275K
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 1.265 acres <ul><li>1.265-acre infill development site (3 platted lots)</li><li>Zoned R-4 with approval for up to 17 townhome units</li><li>Utilities available at the street (water, sewer, electric)</li><li>No rezoning required — ready for development</li><li>Located in established neighborhood | Johnston Schools</li><li>Rare builder/investor opportunity in growing Grimes market</li></ul>
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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401
