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.
Location
Nearby Schools
Clear CreekElementary School
Clear CreekMiddle School
Clear CreekHigh School
Similar Listings
5 Beds
4 Baths
$3,500,000
MLS# 202205538
ACTIVE
Courtesy of: Skogman Realty Co.
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Listing Agent: Mark Lynch Courtesy of: Skogman Realty Co. IDX information provided courtesy of the Iowa City Area Association of Realtors MLS. IDX data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 22nd March, 2023 7:25 PM (UTC)
