624 Palean StKeokuk, IA 52632

This exceptional investment opportunity presents a four-unit multi-family property located at 624 Palean Street in Keokuk, Iowa, situated on a 0.14-acre lot. The property offers a compelling blend of income generation and potential for owner occupancy. The building comprises four units: three two-bedroom, one-bathroom units, and one one-bedroom, one-bathroom unit. All units feature baseboard heating and window air conditioning units. Significant recent renovations have enhanced the property's value and appeal. Improvements include a new roof, new vinyl siding, new windows, and a complete upgrade to the electrical service, with individual meters installed for each unit. Currently, the one-bedroom unit generates a monthly rental income of $500, while the two-bedroom units each command $650 per month. Tenants are responsible for their electricity costs, while the property owner covers trash and water expenses. This property presents a strong cash flow potential with the added benefit of a possible owner-occupied unit. The combination of updated amenities, consistent rental income, and the desirable location in Keokuk makes this an attractive investment for both seasoned and novice real estate investors. The asking price is $179,000.