704 /706 Central Avenue, Fort Dodge IA, 50501
Property Details
Listing Price: $375,000
Type: Business
Lot Size: 0.15 acres
MLS #: 6321348
Listing agent: Todd Swalin
toddswalin@gmail.com
515-689-8987
Property Description
Here is your chance to own a piece of downtown Fort Dodge. This is a nice cash flow opportunity. The building is fully leased with long-term tenants. Upstairs has a 5-year lease starting January 2024. First 2 years at $1,750/month and next 3 years at $1,950/month. There are two tenants on the main floor in the salon/spa business. One tenant pays $1,000/month ending 3/31/25. The other tenant just started a 2-year lease at $2,000/month. Also plans to lease the basement area for $600/month. Tenants are responsible for electricity and gas. The 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.Like what you see? Request Information or Showing
© 2024 National Association of Realtors Multiple Listing Service. All rights reserved.
IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All Information Is Deemed Reliable, But Is Not Guaranteed.
Last Updated November 23, 2024