21 14Th St Fort Dodge, IA 50501

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.