1550 Dows Street
Ely, IA 52227

$265,000

  • 2,474
    Square Feet

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...read more last long. Call for a showing today!

Property Highlights

  • Heating

    Electric

  • Taxes

    $2,898 Taxes

  • Water

    Public

  • Year Built

    Built in 1904

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