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115 Sugar Creek Ln
North Liberty, IA 52317
Multifamily Property For Sale
·
14 Units
Executive Summary
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.
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.
Property Facts
Property Taxes
| Parcel Number | 0613211004 | Improvements Assessment | $597,300 |
| Land Assessment | $167,400 | Total Assessment | $764,700 |
Property Taxes
Parcel Number
0613211004
Land Assessment
$167,400
Improvements Assessment
$597,300
Total Assessment
$764,700
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