106 N 10th St - Apartments FOR SALE


Fort Dodge, IA 50501
$1,775,000 USD
712-304-2030
106 N 10th St, Fort Dodge, IA for Sale
$1,775,000 USD
Apartments - FOR SALE
1/9
null | 10.12% Cap Rate

106 N 10th St
Fort Dodge, IA 50501


HIGHLIGHTS

  • Over $700,000 in recent capital improvements

OVERVIEW

CBRE is pleased to present the opportunity to acquire 106 North Apartments, a 48-unit apartment community located at 106 N 10th Street in Fort Dodge, Iowa. Fort Dodge serves as a regional employment and retail hub for north-central Iowa and benefits from a diverse economic base, including manufacturing, healthcare, and agriculture-related industries. The property features a robust unit mix of studio, one-bedroom, and two-bedroom layouts. The asset presents a compelling value-add opportunity through continued interior unit upgrades and targeted capital improvements within the common areas. Select units have potential for modernization through finishes such as new flooring, updated cabinetry, appliances, and fixtures, allowing ownership to drive rental growth over time. Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=9ZJyUvQ75iBy_ovm46jFzhlu9xotAmXg4DFJSPw3GwxmjGTGb8N-iWTZitvmkk6z ?Address: 106 N 10th Street, Fort Dodge, IA 50501 ?List Price: $1,775,000 ?Price Per Unit: $36,979 ?Cap Rate: 10.12% ?Year Built: 1923 ?Number of Units: 48 ?Unit Mix: 18-Studio; 21-1BR/1BA; 2-1BR/1.5BA; 7-2BR/1BA ?Total Building SF: 34,608 ?Avg.? In Place Rent: $701 ?Number of Buildings: 1 ?Number of Stories: 6 ?Parking: Surface ?Parcel Size: 0.23 acres

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$51 USD /SF

# OF UNITS

48

PRICE/UNIT

$36,979

CAP RATE

10.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

106 North Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1923

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

BC-Business Commercial

APN/PARCEL ID

07-20-306-008,07-20-306-009

ASK ABOUT THIS PROPERTY

712-304-2030

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712-304-2030

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