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115 Sugar Creek Ln 14 Unit Apartment Building Offered at $1,971,886 CAD at a 6.67% Cap Rate North Liberty, IA 52317
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.
Data Room Click Here to Access
- Offering Memorandum
- Financials
Property Facts
| Price | $1,971,886 CAD | Property Type | |
| Price Per Unit | $140,849 CAD | Building Size | 6,380 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.67% | Year Built | 1991 |
| No. Units | 14 |
| Price | $1,971,886 CAD |
| Price Per Unit | $140,849 CAD |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| No. Units | 14 |
| Property Type | |
| Building Size | 6,380 SF |
| No. Stories | 2 |
| Year Built | 1991 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0613211004 | Improvements Assessment | $841,291 CAD |
| Land Assessment | $235,781 CAD | Total Assessment | $1,077,072 CAD |
Property Taxes
Parcel Number
0613211004
Land Assessment
$235,781 CAD
Improvements Assessment
$841,291 CAD
Total Assessment
$1,077,072 CAD
Contacts
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Tiffany Earl-Williams -
Josh Seamans -
Gabe Golberg -
Luke Rogers -
Phil Williams -
WSG CRE
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115 Sugar Creek Ln
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