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1221 Main Street
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building available for sale in Grinnell
- Asset features three distinct residential rental units
- Total asking price for the property is $299,000
- Site sits at the address of 1221 Main Street
- Location offers proximity to key employers and community infrastructure
What's Special
Priced at $299,000, this three-unit multifamily apartment building at 1221 Main Street presents an acquisition opportunity in Grinnell, Iowa. The property serves as a functional investment asset within a stable regional market that benefits from the presence of Grinnell College and its associated local economic activity. The central location provides reliable access to the city core, appealing to a consistent tenant base looking for residential options in this historic community. Investors may find this asset suitable for residential leasing strategies, capitalizing on the demand for housing in a city known for its steady pace and proximity to larger metro hubs like Des Moines. The building layout supports straightforward management for those seeking to expand their current residential portfolio. Prospective owners can utilize this site as a long-term hold, leveraging the demand for multifamily units within the Grinnell submarket to achieve sustainable occupancy and steady income performance.
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