Ely (IA) commercial apartment / condominium building for lease, Ely (IA) commercial real estate for lease or rent

Ely (IA) apartment and condo buildings are sometimes great investments as they can be leased in part or in whole to a single tenant or several tenants. If the whole Ely building is to be leased, the lessee can be responsible (most likely) for all the upkeep and service charges related to the Ely (IA) apartments or condominiums.

Why lease your Ely (IA) apartment building and not just buy? It could take up to 30% down payment to make that happen, but with a master lease you can acquire Ely (IA) investment property for a smaller down payment and fairly lower risk. If you are wanting to eventually purchase the Ely (IA) property, make sure your lease is drawn up by a capable attorney who knows real estate law thoroughly.