$265,000
4.0 Units
MLS: 202605378
This Fantastic 4-plex is located in the heart of Ely's Old Town District! Spacious 1 bed 1 bath units and 4 long term tenants with leases in place until April of 2027. New stairs and balcony! The charming and growing community of Ely is situated between two strong employment centers in Cedar Rapids and Iowa City resulting in a ton of future potential. Detached 3 car garage stalls are rented on an individual basis and property includes an extra yard space, or potential for expansion. A short drive to Cedar Rapids Airport & Airport National Golf Course, and a short walk to bars and restaurants. This well maintained investment property won't last long. Call for a showing today!
MLS #: 202605378
Price: $265,000
Year Built: 1904
Income/Yr: $28,560.00
Expense/Yr: $0.00
Parking: Detached Garage
Basement: Unfinished
Total Sq Ft: 2474
Electric Expense: $0.00
Gas Annually: $600.00
Maint Expense: $600.00
Insurance Expense: $1,800.00
Gross Tax: $2,898.00
Units: 4.0
Laundry: None
Energy Generation:
Heat/Cooling: Electric
Elementary: College Comm
Middle: College Comm
High: Prairie
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Paul Park - Information furnished by Iowa City Area Association of Realtors