Jerry Wagner

Fort Dodge IA Residential Income for Sale

Fully Occupied Fourplex Investment Opportunity 1438 5th Avenue North, Fort Dodge, Iowa Offered at $150,000 Add this fully occupied four-unit residential income property to your investment portfolio! The property currently generates $2,600 per month in gross rental income, totaling $31,200 annually, and provides immediate income for its next owner. This two-story building offers approximately 2,128 square feet and consists of four one-bedroom, one-bathroom apartments. Two units are located on the main floor, with two additional units upstairs. Each apartment has its own private entrance and includes a refrigerator and stove. The property also features off-street parking, a full basement, forced-air heating, public water and sewer, and two 40-gallon water heaters replaced in 2021 and 2023. The upstairs apartments have received previous remodeling, and the exterior was painted in 2023. All four apartments are currently occupied, and the landlord pays all utilities. At the $150,000 asking price, the propertys annual gross rental income equals approximately 20.8% of the purchase price before utilities and other operating expenses. Please allow appropriate notice for showings and do not disturb the tenants. Property is owned by an entity in which the listing agent has an ownership interest. All information is believed reliable but is not guaranteed. Buyers and buyers agents should independently verify rental income, expenses, measurements, zoning, and all other info.

Fort Dodge IA Residential Income for Sale

**Great Investment Opportunity Income-Producing Duplex!** Looking to expand your investment portfolio? Check out this duplex located at **316 S 16th St in Fort Dodge!** This property features two separate rental units, including a spacious **2-bedroom, 1-bathroom unit** and a **1-bedroom, 1-bathroom unit**. The upstairs unit has received recent updates, including new flooring, offering an attractive living space for tenants. With current annualized rental income potential of **$16,200** and relatively low operating expenses, this property presents an excellent opportunity for investors looking to generate rental income. Annual expenses include approximately $630 in property taxes, $434 in insurance, and $3,000 in utilities. Whether you're an experienced investor or looking to purchase your first rental property, this duplex offers income potential and an opportunity to build long-term equity. **Schedule your showing today!**