NEW BUSINESS
704-706 Central Ave Fort Dodge, IA
Here is your chance to own a piece of downtown Fort Dodge. This is a nice cash flow opportunity. The building is fully leased with long-term tenants. Upstairs has a 5-year lease starting January 2024. First 2 years at $1,750/month and next 3 years at $1,950/month. There are two tenants on the main floor in the salon/spa business. One tenant pays $1,000/month ending 3/31/25. The other tenant just started a 2-year lease at $2,000/month. Also plans to lease the basement area for $600/month. Tenants are responsible for electricity and gas. The owner pays water, some electricity, taxes, and insurance. With current income not including basement property brings in $57,000/year. Approximate yearly expenses are $15,784: $4,800 for utilities, $8,296 for taxes, and $2,688 for insurance. NOI is $41,216. Cap rate 9.01. New roof 2020.
Great Income Property!!!
Ryerson Realty LLC
Add 1 door it's a Duplex
1438 5th Ave N Fort Dodge, IA
$ 110,000.00
Status: Active
4 Plex
2128 sq ft total
SQ FT 1,424
YR 1900
TYPE 2 story
Garage none
Remarks:
Investment Opportunity!!! This fully rented 4 plex is currently bringing in $2380/month with room to grow. All units have their own entrance with two units on the main
floor and 2 units upstairs. All units include 1 bedroom 1 bathroom and come with refrigerator and stove. The upstairs units have been recently remodeled and the siding
was painted in 2023. Off street parking. The building has two 40 gallon water heaters replaced in 2021 and 2023. Listing agent has ownership interest in property.
512 N 15th StFort Dodge, IA
$ 75,000.00 Revised Price $70,000.00
Status: Active
5 BD
2 bath
SQ FT 2,102
YR 1905
TYPE 2 story
Tons of potential with this house. 5 bedrooms plus partially finished attic space for additional living space or storage. 2 full baths 1 upstairs and 1 on the main floor. This house was once a duplex and has 2 electric meters and 2 furnaces. It was turned back into a single-family home but could once again be converted into a duplex for additional cash flow for the investor. This property would be perfect for an investor or a large family. Sit out and relax on the front deck and watch the cars go by or relax on the concrete patio in the partially fenced-in backyard. 2 driveways for parking. Full basement for plenty of storage.
23585 & 23639 Garfield St, Fort Dodge, IA 50501
Opportunity to own an entire city block in Coalville/Fort Dodge IA. This property contains two houses and 3 vacant lots. The main house is a 3 bed 1 bath Ranch with a full basement, attached 2 car plus a large detached 2-car garage/shop w/220 hookup. A few of the amenities include its own well and septic, wood-burning fireplace,
water softener, sump pump, and A/C new in 2023. Peacefully situated on the end of a dead-end street. Relax on the back patio tucked in next to the trees along the Des Moines River.
Sold in addition to a 2nd 2 bed 2 bath house. Double-deep garage with shop or storage area. This house also has it's own septic tank and shares a well with the neighbors. The full basement has a sump pump and egress window. Newer water heater and A/C in 2022. That's not all. 3 additional vacant lots that could be used for development. Tons of potential with this property.