106 North Apartments 106 North 10th Street

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 ($36,979/unit)
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 Rentable SF: 34,608
Avg. In Place Rent: $701
Number of Buildings: 1
Number of Stories: 6
Parking: Surface