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1559 Ponds Edge Ct # 1672

North Liberty, IA 52317
  • $3,500,000
  • STATUS: Active
  • ON SITE: 271 Days
  • MLS #: 202305493
UPDATED: 73 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.

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© 2024 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: 2024-07-17T17:26:03.443
www.gwenjohnson.com/homes/144535116
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1559 Ponds Edge Ct # 1672 North Liberty, IA 52317

  • Price: $3,500,000
  • Status: Active
  • On Site: 271 Days
  • Updated: 73 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

Architectural Style TwoStories Construction Materials OtherUnknown Exterior Features Other Lot Features TwoToFiveAcres Lot Size Dimensions 4.0 Parking Features None

Interior Features

Above Grade Finished Area 0 Appliances None Bathrooms Full Lower 0 Bathrooms Full Main 0 Bathrooms Full Upper 0 Bathrooms Half Lower 0 Bathrooms Half Main 0 Bathrooms Half Upper 0 Bathrooms Total Integer 0 Bedrooms Lower 0 Bedrooms Main 0 Bedrooms Upper 0 Below Grade Finished Area 0 Fireplace Features None Fireplaces Total 0 Heating None Interior Features Other Laundry Features Other

Property Features

Association Fee Includes None Association Fee Text 0.00 Auction Online Bid YN No Builder Name N/A Buyer Financing SeeOtherRemarks Community Features Other Compensation Remarks *2.50% Expiration Date 2024-10-18 Green Verification YN No Listing Terms SeeOtherRemarks New Construction YN No Possession Negotiable Property Sub Type IncomeInvestment Tax Annual Amount 30870 Tax Year 2021 Utilities CitySewerCityWater Zoning RM-8

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Mark Lynch of Skogman Realty Co.: 319-625-6427.



© 2024 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: 2024-07-17T17:26:03.443
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241