1559-1672 Ponds Edge Ct, North Liberty

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$3,685,000
9 Units
MLS: 202405989

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, request Proforma and Rent Roll from the Listing Agent. Approximately $2,430,000 for the 9 condo units ($270,000/unit) and $1,255,000 for the 27 condo lots ($46,481/lot). Can only be sold as a package.

      
Directions: 240th Street NE to Jones Blvd to Ponds Edge Court.

Property Details

MLS #: 202405989
Price: $3,685,000
Year Built: 2003
Income/Yr: $216,000.00
Expense/Yr: $0.00
Parking: None
Basement: See Remarks
Total Sq Ft: 0
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $9,000.00
Insurance Expense: $5,100.00
Gross Tax: $30,870.00
Units: 9
Laundry: Other
Energy Generation:
Heat/Cooling: Central Air
Elementary: Clear Creek
Middle: Clear Creek
High: Clear Creek

Information deemed reliable but not guaranteed


Who To Contact

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Edge Realty Group

319-351-3355
 
info@edge-realtygroup.com


 Listing Office: Skogman Realty Co. - Agent: Mark Lynch - Information furnished by Iowa City Area Association of Realtors