1031 Elm Street

Welcome to your next income-producing opportunity in the heart of Grinnell. This well-located up/down duplex sits directly across the street from Grinnell College and just steps from downtown—an ideal setting for consistent rental demand. Each unit offers 2 bedrooms and 1 bathroom with a private exterior entrance, providing privacy and tenant appeal. Both units feature spacious kitchens and comfortable living areas, while the basement includes laundry access for the main-floor unit. The property is currently tenant-occupied, delivering immediate cash flow. Utilities are efficiently structured with a single gas furnace serving both units, window A/C, and electric sub-metered to tenants. The landlord covers gas and water, while tenants pay electric. With a proven rental location, strong proximity to major employers and amenities, and solid unit layouts, this duplex presents a compelling investment for both new and seasoned investors. 72-hour notice required for all showings. Contact your local agent today to schedule a showing and add this well-positioned asset to your portfolio.