815 Central Avenue

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815 Central Avenue

Fort Dodge, IA 50501
Asking Price
$160K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Fort Dodge
  • Asset is located at 815 Central Avenue
  • Priced for acquisition at 159900 dollars
  • Historic building structure allows for flexible development strategies
  • Strategically positioned within the north-central Iowa region

What's Special

This multifamily apartment building for sale at 815 Central Avenue in Fort Dodge, Iowa, represents a potential value-add investment. Positioned within a established regional hub, the historic structure provides investors with a foundation for residential redevelopment or continued management as a multi-unit property. Fort Dodge serves as a significant economic center in north-central Iowa, supporting a stable local population and a diversified workforce that creates consistent demand for well-maintained rental housing options. The property’s central location within the city allows for convenient access to local infrastructure and commercial services, making it a viable addition to a residential real estate portfolio. Buyers seeking a project with historic character will find the scale of this asset manageable for various renovation strategies or operational improvements. Given the nature of the local apartment market, this building offers a straightforward path for those looking to capitalize on existing residential inventory in the region.

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NOI
$80,000
Cap Rate
50.03%
DSCR
8.43
Strong
Cash-on-Cash
146.98%
Monthly Payment
$791.098
Annual Cash Flow
$70,506.825

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