Residential For Sale
0 Sqft - 1559 Ponds Edge Ct # 1672, North Liberty, Iowa 52317
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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.

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.

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
202305493
Price:
$3,500,000
Beds:
0
Total Full Baths:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
0 Sqft
Construction Year:
2003
Lot Size:
4 Acre
Country:
US
State:
IA
County:
Johnson
City:
North Liberty
Zipcode:
52317
Status Category:
Active
Area:
NW Quadrant
Subdivision:
NL PONDS EDGE
Features
Family Room Level:
None
Internet:
Yes
Elevators:
No
Primary Bedroom:
Main
Address Map
Street:
1559 Ponds Edge Ct # 1672
Floor Number:
0
Longitude:
W92° 22' 49.3''
Latitude:
N41° 45' 52.4''
More Information
Office Name:
Skogman Realty Co.
Sales Term:
Conventional
Ownership Type:
Income/investment
Update Date:
10-26-2023 06:00:38
Elementary School:
Clear Creek
Jr./Middle School:
Clear Creek
High School:
Clear Creek
Directions:
240th Street NE to Jones Blvd to Ponds Edge Court.
Zoning:
RM-8
Lot Dimensions:
4.0
LA1Agent Logon Name:
I1619
LA1Agent First Name:
Mark
LA1Agent Last Name:
Lynch
LO1Main Office ID:
198
PriceChangeTimestamp:
10-19-2023
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Mark Lynch
Skogman Realty Co.
Additional Details
10/19/2023
240th Street NE to Jones Blvd to Ponds Edge Court.
4.0
Urban Acres Real Estate