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25 Acres M/l On E Foster Rd Iowa City, IA 52245 • Land - Lot/Land • New

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Description

Rare development opportunity just 2 miles north of downtown Iowa City and the University of Iowa! 25-acres M/L. This will include the 7 parcels of frontage (4 rentals, 2 vacant lots & 1 non habitable duplex. Great location with convenient access to campus, I-80, and all that Iowa City has to offer. The property features wooded terrain, residential zoning, and 4 existing multi-unit buildings that are currently rented that may provide interim use or, more likely, be removed as part of a future redevelopment plan. With its size, location, residential zoning, and proximity to major transportation routes, this property offers tremendous potential for a variety of development possibilities. Opportunities like this so close to downtown and the University of Iowa are hard to find! Lots/units will not be sold individually and only as one unit.

Property Highlights

Property Type: Land - Lot/Land
Total Acres: 25.00 Acres
Zoning: residential

General Information

County: Johnson
High School: City
Listed By:
Edge Realty Group 319-351-3355
ICAAR MLS
$3,500,000
Est. $23,590/mo
New to the Market New
LOT SIZE 25.000 acres MLS#202605484
STATUSNew PROPERTY TYPELand - Lot/Land
TOUR PROPERTY

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Shown By

Damien Rexroat
 (563) 340-6129

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25 Acres M/l On E Foster Rd, Iowa City, IA 52245.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $3,500,000$3,500,000
Down Payment $122,500$700,000
Monthly Mortgage Amount $21,440$17,698
Taxes $4871$4871
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $2,100$0
Monthly Estimated Total $29,432$23,590

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