115 Sugar Creek Ln - Multi-Family FOR SALE


North Liberty, IA 52317
$1,400,000 USD
319-675-1694
115 Sugar Creek Ln, North Liberty, IA for Sale
$1,400,000 USD
Multi-Family - FOR SALE
1/6
null | 6.67% Cap Rate

115 Sugar Creek Ln
North Liberty, IA 52317


OVERVIEW

115 Sugar Creek Lane is a 14-unit multifamily investment opportunity located in North Liberty, Iowa. Situated on 0.64 acres, the property consists of two buildings constructed in 1991 and 1995 and features fourteen units, including eight 2-bedroom, 1-bath units and six 2-bedroom, 1-bath units with in-unit washer and dryer. Located in one of Eastern Iowa’s fastest-growing communities, the property benefits from strong rental demand and convenient access to the Iowa City–Cedar Rapids corridor. With a proforma NOI of $93,381 and a 6.67% cap rate, the offering provides stable cash flow with potential for future rent growth.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

14

PRICE/UNIT

$100,000

CAP RATE

6.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0613211004

ASK ABOUT THIS PROPERTY

319-675-1694

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319-675-1694

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