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1559-1672 Ponds Edge

North Liberty, IA 52317
  • $3,500,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 202205538
UPDATED: 48 min ago
$3,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2003
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Perfect investment for a builder or developer. The property for sale is 9 condominium rental homes and 27 undeveloped condo lots. Two condo buildings are built and there is a potential to build four more condo buildings. Existing condo units rent at approximately $2,000/month, see attached Proforma and Rent Roll. Approximately $2,250,000 for the 9 condo units ($250,000/unit) and $1,250,000 for the 27 condo lots ($46,300/lot). To be sold as a package. Brochure attached.

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© 2022 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2022-11-30T12:25:46.26
www.gwenjohnson.com/homes/133769452
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1559-1672 Ponds Edge North Liberty, IA 52317

  • Price: $3,500,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 48 min ago
  • MLS #: 202205538
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2003
Built
Neighborhood:
Nl Ponds Edge
County:
Johnson
Area:
Nw Quadrant
Elementary School:
Clear Creek
Middle School:
Clear Creek
High School:
Clear Creek
Property Description
Perfect investment for a builder or developer. The property for sale is 9 condominium rental homes and 27 undeveloped condo lots. Two condo buildings are built and there is a potential to build four more condo buildings. Existing condo units rent at approximately $2,000/month, see attached Proforma and Rent Roll. Approximately $2,250,000 for the 9 condo units ($250,000/unit) and $1,250,000 for the 27 condo lots ($46,300/lot). To be sold as a package. Brochure attached.
Exterior Features

Construction Unknown

Interior Features

Appliances DishwasherRange/OvenRefrigeratorMicrowave Basement See Renmarks Cooling Central Elevators No Number Fireplaces 0 Unit1 Number Full Baths 4 Unit1 Number Half Baths 0 Unit1 Number34 Baths 0 Unit1 Numberbedrooms 4 Unit2 Number Full Baths 4 Unit2 Number Half Baths 0 Unit2 Number34 Baths 0 Unit2 Numberbedrooms 4 Unit3 Number Full Baths 4 Unit3 Number Half Baths 0 Unit3 Number34 Baths 0 Unit3 Numberbedrooms 4 Unit4 Number Full Baths 4 Unit4 Number Half Baths 0 Unit4 Number34 Baths 0 Unit4 Numberbedrooms 5

Property Features

Amenities Street Lights Annual Assoc Fee Tbd Annual Gross Expense 65698 Annual Gross Income 216000 Bank Owned No Electric Annually 0 Fee Includes OtherNone Gas Annually 0 Gross Taxcounty And City 30870 Insurance Annually 5100 Internet Yes Lot Dimensions 4.0 Maintenance Annually 9000 New Construction No Parking Spaces 2 Car Possible Finance 1031 ExchangeCashConventional Rental Permit Yes Sale Lease For Sale Sqft Above 0 Sqft Lower 0 Type Multi-Family Unit1 Dining Room Yes Unit1 Living Room No Unit1 Monthly Rent 2000 Unit2 Dining Room Yes Unit2 Living Room Yes Unit2 Monthly Rent 2000 Unit3 Dining Room Yes Unit3 Living Room Yes Unit3 Monthly Rent 2000 Unit4 Dining Room Yes Unit4 Living Room Yes Unit4 Monthly Rent 2000 Water Annually 0 Water Sewer City SewerCity Water Zoning Rm-8

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Mark Lynch of Skogman Realty Co.: 319-625-6427.



© 2022 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2022-11-30T12:25:46.26
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241