Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1559-1672 Ponds Edge Ct North Liberty, IA 52317

    For Sale
    $3,685,000

    9-Unit Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment property in North Liberty, Iowa, presents a unique opportunity for builders and developers. Located at 1559-1672 Ponds Edge, this property encompasses nine existing condominium rental units within two buildings, situated on a four-acre lot zoned RM-8. Each of the existing units currently commands an approximate monthly rent of $2,000. The asking price of $3,685,000 reflects a breakdown of approximately $2,430,000 for the nine existing condo units (approximately $270,000 per unit) and $1,255,000 for the additional 27 undeveloped condo lots (approximately $46,481 per lot). The property is being sold as a single package. Built in 2003, this property offers significant potential for expansion. The RM-8 zoning permits the construction of four additional condo buildings on the remaining undeveloped land, presenting a substantial opportunity for future development and increased revenue streams. Detailed financial information, including a proforma and rent roll, is available upon request. This is a prime investment opportunity in a thriving Iowa community. The property's location in Johnson County, Iowa, zip code 52317, offers easy access to local amenities and transportation. This is a rare chance to acquire a multifamily property with significant upside potential.

    Property Features for 1559-1672 Ponds Edge Ct

    General Information

    Property type
    Multifamily properties
    Lot Size
    174,240 SF

    Building Details

    Year Built
    2003
    Units
    9

    HighLights

    • $3,685,000 asking price.
    • Nine‑unit apartment building on four acres.
    • Built in 2003.
    • RM‑8 zoning.
    • Includes 27 undeveloped condo lots.
    • Potential to build four additional condo buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Liberty
    County
    Johnson
    State
    Iowa
    Longitude
    -91.619526
    Latitude
    41.7643749

    Nearby Similar for Sale

    • $709,159
      1.48 Acres

      North Liberty Commercial Property For Sale

      Highly visible location ideal for retail or office space.
      1035 Liberty Way, North Liberty, IA 52317
      View Details
    • $299,900

      North Liberty Split-Foyer Home

      Well-maintained home in North Liberty's West Lake subdivision, built in 2014.
      105 N Park Ridge Rd North Liberty, North Liberty, IA 52317
      View Details
    • $2,500,000
      0.80 Acres

      Medical Office Building For Sale

      Commercial building with leased space and additional vacant suite.
      5 Lions Dr, North Liberty, IA 52317
      View Details
    • $419,900
      2,345 SF

      New Walkout Zero Lot

      New construction home with upgrades, walkout lower level, great location.
      1301 Berkshire Ln, North Liberty, IA 52317
      View Details
    • $419,900
      2,345 SF

      New Walkout Zero Lot

      New construction zero lot with upgrades and walkout lower level.
      1299 Berkshire Ln, North Liberty, IA 52317
      View Details
    • $275,000
      1,904 SF

      Multi-Family Duplex in Iowa

      Two-story duplex property, leased through July 2026, tenant-paid utilities.
      455/457 Heritage Pl, North Liberty, IA 52317
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 9-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 1559-1672 Ponds Edge Ct North Liberty, IA.
    What is the asking price?
    The asking price for this property is $3,685,000.
    What are key features of this property?
    This property features: $3,685,000 asking price.; Nine-unit apartment building on four acres.; Built in 2003.
    Request Owner's contact information
    1559-1672 Ponds Edge Ct North Liberty, IA 52317
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1559-1672 Ponds Edge Ct
    North Liberty, IA 52317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1559-1672 Ponds Edge Ct North Liberty, IA 52317
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.