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Listing ID: 202201364
Price: $7,500,000
Status: Active
Address: 1620 Lincoln Dr
City: North Liberty
State: Iowa
Postal Code: 52317
County: Johnson
North Liberty
Two Fully leased newer multi-family buildings. A mix of 1 and 2 bedroom units keep this property continually leased. The 1-bedroom units all have a den. All units have their own deck or patio and individual washer and dryers. Each unit also comes with their own detached garage and the buildings and plenty of other off-street parking. Located in a great location in the North Liberty. Buyer must present a pre-approval letter from a local lender prior to receiving financial informaiton or tours of individual units. ***The sale includes two buildings (1620 & 1680 Lincoln Dr)***

Primary Features

County: Johnson
Property Sub Type: Multi-Family
Property Type: Multi-Family
Year Built: 2014
Zoning: Multi-Family


Number of Fireplaces: 1
Unit 1 Bedrooms: 1
Unit 1 Dining Room: yes
Unit 1 Full Baths: 1
Unit 1 Living Room: yes
Unit 1 Number: 301
Unit 2 Bedrooms: 2
Unit 2 Dining Room: yes
Unit 2 Full Baths: 2
Unit 2 Living Room: yes
Unit 2 Number: 302
Unit 3 Bedrooms: 1
Unit 3 Dining Room: yes
Unit 3 Full Baths: 1
Unit 3 Living Room: yes
Unit 3 Number: 303
Unit 4 Bedrooms: 2
Unit 4 Dining Room: yes
Unit 4 Full Baths: 2
Unit 4 Living Room: yes
Unit 4 Number: 304


Lot Dimensions: Condo


Area: NW Quadrant
Elementary School: CCA - North Bend
Geo Address Line: 1620 Lincoln Dr
High School: Clear Creek
Junior/Middle School: Clear Creek


Addendum: ***Prior to releasing finacial and lease information, Buyer must present a pre-approval letter from a local lende with the address property and the list price of this specific property. If the Buyer is paying cash they need to provide a letter from their financial planner / manager or their personal banker.***
Aging in Place Form: No
Days on Market: 7
Elevators: Yes
Internet: yes
New Construction: no
Rental Permit: yes
Status Category: Active
Units Total: 48
Zero Step Entry: Yes


Gross Tax (County & City): 123506
Sale/Lease: For Sale
Tax ID: Various
Tax Year Report: 2020
Unit 1 Monthly Rent: 975
Unit 2 Monthly Rent: 1100
Unit 3 Monthly Rent: 975
Unit 4 Monthly Rent: 1100
Variable Rate: no

Zoning Info

© 2022 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Mike Bails of Urban Acres Real Estate Corridor

Contact - Listing ID 202201364

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Jeff Edberg

2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187

Data services provided by IDX Broker

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