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1604 5th Avenue, Grinnell, IA 50112.
Seller offering $5,000 credit towards rate buy down, closing costs or possible updates. Large tri-plex located just seven blocks from downtown Grinnell and Grinnell College makes this investment property is a great opportunity for new or seasoned investors. Currently vacant for the next owner to choose tenants. The most recent (2025) monthly rents were $1,000 (main floor 2 bed/1 bath, $950 (upper 3 bed/1 bath), and $825 (lower level 1 bed/1bath). Each level is it's own unit. There is off street parking available and a large lot present space to build a garage. Upper unit has no photos yet. Call today to schedule a private showing.
MLS ID: 6337170
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1604 5th Avenue, Grinnell, IA 50112.

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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $133,500 | $133,500 | $133,500 |
| Down Payment | $26,700 | $4,673 | $33,375 |
| Monthly Mortgage Amount | $649 | $807 | $825 |
| Taxes | $186 | $186 | $186 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $59 | $0 |
| Monthly Estimated Total | $935 | $1,152 | $1,111 |