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.
1559 Ponds Edge Ct # 1672 North Liberty, IA 52317
For Sale
1559 Ponds Edge Ct # 1672
North Liberty, IA 52317
Price: $3,500,000
Type:
Income/Investment
Agent:
Mark Lynch
Agent Phone: 319-331-0409
Agent Email: marklynch@skogman.com
Broker:
Skogman Realty Co.
Broker Phone: 319-625-6427
