Here is your chance to own a piece of downtown Fort Dodge. This is a nice cashflow opportunity. Building is fully leased with long term tenants. Upstairs has 5 year lease starting January 2024. First 2 years at $1,750/month and next 3 years at $1,950/month. Two tenants on main floor, both in the salon/spa business. One tenant pays $1,000/month ending 3/31/25. Other tenant just started 2 year lease at $2,000/month. Also plans to lease basement area for $600/month. Tenants responsible for electricity and gas. 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.
Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Fort Dodge is located in Iowa. Fort Dodge, Iowa has a population of 24,566. Fort Dodge is less family-centric than the surrounding county with 26.97% of the households containing married families with children. The county average for households married with children is 27.14%.
The median household income in Fort Dodge, Iowa is $38,386. The median household income for the surrounding county is $42,148 compared to the national median of $57,652. The median age of people living in Fort Dodge is 36.8 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 7.9 degrees. The average rainfall is approximately 34.6 inches per year, with 35.8 inches of snow per year.
