1591-1608 Ponds Edge Ct - Residential Income FOR SALE


North Liberty, IA 52317
$3,685,000 USD
319-331-0409
1591-1608 Ponds Edge Ct, North Liberty, IA for Sale
$3,685,000 USD
Residential Income - FOR SALE
1/9
null | Request Cap Rate

1591-1608 Ponds Edge Ct
North Liberty, IA 52317


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,685,000 USD

PRICE/SF

$737 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pond's Edge Court

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.61 AC

LAND SF

200,723 SF

ZONING

Residential

APN/PARCEL ID

0602411002,0602412002

ASK ABOUT THIS PROPERTY

Mark LynchSkogman Commercial GroupMore Info
319-331-0409

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Mark LynchSkogman Commercial GroupMore Info
319-331-0409

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.