21 14Th StFort Dodge, IA 50501

Property Details for 21 14Th St

Year built

1900

Lot size

0.10 AC

Property size (Sq ft)

1,468 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This three-unit apartment building located at 21 N 14th St, Fort Dodge, IA 50501, presents a compelling value-add investment opportunity. Built in 1900, this Class B property offers 1,468 square feet of net rentable space situated on a 0.1-acre lot. Currently generating a Net Operating Income (NOI) of $17,110, the property boasts a compelling 19.03% capitalization rate. The asking price is $89,900, translating to a price per square foot of $61.24 and a price per unit of approximately $29,967. The property is zoned for multi-family use and offers significant potential for increased profitability through renovations and property management improvements. The building is currently occupied. This property is being sold as-is. This is an excellent opportunity for investors seeking a strong return on investment in a stable market. The property's location in Fort Dodge, Webster County, Iowa provides access to local amenities and services. Serious inquiries only.

Location Insight

City

Fort Dodge

County

Webster

State

Iowa

Latitude

42.5069

Longitude

-94.1793

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