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25 Acres M/l On E Foster Rd, Iowa City, IA 52245.
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.
MLS ID: 202605484
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25 Acres M/l On E Foster Rd, Iowa City, IA 52245.

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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | 30 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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