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Ernest Abell

ernieabell.realty@hotmail.com +1(641) 414-3893

Listed by Jerry Wagner One Stop Realty

$ 150,000

Est. payment | -/mo

2,128 SqFt

Save

$ 150,000

Est. payment | -/mo

Save

2,128 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,128 sqft

Price per Sqft $70

MLS Listing ID NOC6342941

Maintenance Fees $500

Year Built 1900

Annual Tax Amount $1,160

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 57.00 x 68.00 3,876 SF

Property Sub-Type Quadruplex

Property Description

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 property's 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.

Location

State IA

County Webster

Area 2128

Direction From 1st Ave N, north on N 15th St, east on 5th Ave N to property.

Rooms

Basement Full, Sump Pump, Block, Unfinished, Owner Access

Interior

Heating Forced Air

Fireplace No

Exterior

View Y/N true

Accessibility None

Building

Lot Description Corner Lot

Story 2

Sewer City Sewer/Connected, Public Sewer

Water Public

Structure Type Wood Siding

Schools

School District 2313 - Fort Dodge

Others

Energy Description Electric,Natural Gas

Acceptable Financing NOC6342941

Listing Terms NOC6342941

Schools and Properties Nearby

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+1(641) 414-3893

ernieabell.realty@hotmail.com

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1438 5th AVE Fort Dodge, IA 50501