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For more information on this property, contact Bill Wittig at 319-631-6100 or bill@billwittig.com

1559 Ponds Edge Ct # 1672
North Liberty, Iowa IA 52317
Price: $3,500,000
Listing ID 202305493
Status Active
Acres 4
Subdivision NL PONDS EDGE
Year Built 2003

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.

Primary Features

County: Johnson
Property Sub Type: Income/Investment
Property Type: Single Family/Acreage
Subdivision: NL PONDS EDGE
Year Built: 2003
Zoning: RM-8

Interior

Dining Room Level: Main
Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main

External

Lot Dimensions: 4.0

Location

Area: NW Quadrant
Condo Level: NA
Elementary School: Clear Creek
Geo Address Line: 1559 Ponds Edge Ct # 1672
High School: Clear Creek
Junior/Middle School: Clear Creek

Additional

Addendum: SOC Commission is •2.50% up the the first $1 million. •2.25% from $1 million to $2 million. •2.0% on anything above $2 million.
Aging in Place Form: No
Associated Document Count: 6
Builder: N/A
Days on Market: 7
Elevators: No
Internet: yes
New Construction: no
Status Category: Active
Zero Step Entry: No

Financial

Gross Tax (County & City): 30870
Sale/Lease: For Sale
Tax ID: Multiple
Tax Year Report: 2021
Variable Rate: yes

Zoning Info


Area Info


Contact

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Bill Wittig

2286 E Grantview Dr
Coralville, IA 52241
Phone: 319-631-6100

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