$375,000
( $62.82Per Sq Foot )
 $2,013 est/mo Sourced by Back At You

704 /706 Central Avenue 708 , Fort Dodge, IA 50501

Fort Dodge, IA 50501

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Description

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 NOI is $44,141.96. Cap rate 11.8. New roof 2020.

Details

MLS#6321348
Listing TypeFor Sale
Suite Number708
StatusActive
Year1880
Days On Site23
Listing Provided ByRyerson Realty LLC | Todd Swalin

Features

Market Activity 50501

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Iowa Association of Realtors.

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Listings Checked: 54 seconds ago
StateIA
CountyWebster
CityFort Dodge
Zip Code50501
AreaWebster
School District2313 - Fort Dodge
Listing VS Median (in 50501)
Price:
$375,000
low | high
Med:
$215,000
92.666666666667% of Average
On Site:
23
low | high
Med:
51.000000
45.098039215686% of Average
Sourced by Back At You
Listing Updated: October 2, 2024 at 10:05:39 AM PDT