Skip To Content

1559 Ponds Edge Ct # 1672

North Liberty, IA 52317
  • $3,500,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 202305493
UPDATED: 20 min ago
$3,500,000
  • 0
    BEDS
  • 4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Single-Family Home
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.

Monthly Payment Calculator



© 2023 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: 2023-12-04T14:25:44.73
www.gwenjohnson.com/homes/144535116
Print Image

1559 Ponds Edge Ct # 1672 North Liberty, IA 52317

  • Price: $3,500,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 20 min ago
  • MLS #: 202305493
0
Beds
0
Baths
0
½ Baths
4
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 Exterior Other Lot Description 2-5 Acre

Interior Features

Basement None Cooling None Dining Room Level Main Elevators No Fireplace Location None Interior Other Kitchen Breakfast Other Kitchen Level Main Laundry Location Other Living Room Level Main Mstr Br Level Main Number Fireplaces 0 Rooms Other

Property Features

Amenities Other Annual Assoc Fee 0.00 Bank Owned No Condo Level NA Fee Includes None Finished Sqft Lower 0 Gross Taxcounty And City 30870 Internet Yes Lot Dimensions 4.0 New Construction No Parking Spaces None Possible Finance See Other Remarks Sale Lease For Sale Sqft Above 0 Stories Style 2 Story Type Income/Investment Water Sewer City SewerCity Water Zoning RM-8

Listing information © 2023 Iowa City Area Association of Realtors.
Listing provided courtesy of Mark Lynch of Skogman Realty Co.: 319-625-6427.



© 2023 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: 2023-12-04T14:25:44.73
 
https://bt-photos.global.ssl.fastly.net/iowacity/orig_boomver_1_202305493-2.jpg https://bt-photos.global.ssl.fastly.net/iowacity/orig_boomver_1_202305493-2.jpg https://bt-photos.global.ssl.fastly.net/iowacity/orig_boomver_1_202305493-2.jpg
Logo
The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241