$365,000

704 706 Central Avenue 708 , Fort Dodge, IA 50501

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:0 sqft
Lot:0.15
Year Built:1880
Listing Status:Active

Listing Agent

Todd Swalin
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
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Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Here is your chance to own a piece of downtown Fort Dodge. This building is in the path of improvement with Fort Dodges new master plan to revitalize the downtown area. This is a nice cash flow opportunity. Total Monthly Income: $5,600 Annual Gross Income: $67,200 Property Summary Mixed-use commercial building located on a main corridor in Downtown Fort Dodge Four income-producing units: • Main Floor Spa: $1,200/month o Salon Central: $2,000/month ? Nail Salon: $450/month o 1st Floor Office (Upper Des Moines): $1,950/month Potential Upside: Basement currently vacant, being marketed for $600/month lease Utilities: • First Floor (Upper Des Moines): Paid by tenant • Ground Floor tenants: Paid by landlord Avg Water: $100/month Avg Electric & Gas: $350/month Financial Snapshot Annual Gross Income: $67,200 Annual Operating Expenses: • Taxes: $8,296 • Insurance: $2,688 • Maintenance: $2,000 • Utilities (Water, Gas, Electric for Ground Floor): $5,400/year • Total Expenses: $18,384 NOI: $48,816 Key Highlights Fully stabilized tenant base (long-term leases in place) Turnkey investment with minimal landlord responsibility. Room for NOI growth with new basement lease Excellent downtown visibility and walkability New roof (2020) Will highly benefited by Fort Dodge Central River Master Plan 2025-2030

Detailed Items

Other Information

704 706 Central Avenue, Fort Dodge, IA, 50501 is a commercial sale listing of 0 sqft on a lot of 0.15. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property704 706 Central Avenue, Fort Dodge, IA
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