0 15Th Pl Fort Dodge, IA 50501

This exceptional 48-unit apartment building in Fort Dodge, Iowa, presents a compelling investment opportunity. Situated on an expansive 8.4-acre lot at Regency West Ct 23rd Place N and N. 15th Place, this single-story complex offers a diverse range of rental options. All 48 units boast two bedrooms, two bathrooms, and 1,000 square feet of living space, each featuring an attached double garage with garage opener. The property includes a mix of lease agreements: 22 units are leased at $1,000 per month, two furnished units are leased at $1,950 per month (including utilities), 21 units are leased at $1,100 per month, and three additional units are leased at $1,000 and $1,800 per month respectively. All units are equipped with a stove, refrigerator, microwave, dishwasher, water softener, washer, and dryer. Building features include paved streets and patios. The property utilizes city water and public sewer, and features a slab foundation and asphalt roof. Possession is negotiable, subject to existing tenant rights. The asking price for this substantial multifamily investment is $7,200,000. This property offers significant potential for a savvy investor seeking a strong return in a stable market.