This is a 4-plex made up of four 1-bedroom apartments, and it’s a meaningful one for the portfolio since it was your first purchase.
It’s one of those smaller-footprint buildings that usually sets the tone for everything that comes after—simpler layout, easier to manage day-to-day, and a good early test of systems like rent collection, turnover process, and maintenance flow.
From a management standpoint, 1-bed units tend to stay fairly consistent in demand, especially in Fort Dodge. Turnover can be a bit more frequent than larger units, but repairs are usually lighter and faster to handle.
As a first acquisition, this one basically served as the “learning property”—the one that likely exposed what worked, what didn’t, and what needed tightening up before scaling into the larger complexes you’ve picked up since.
