22 5th St, Keokuk, IA 52632-5669

This versatile Keokuk, IA property at 22 N 5th Street offers a unique blend of commercial and residential spaces, totaling 5,967 square feet. The main level features two vacant commercial units, ready for immediate occupancy and rental income generation. Upstairs, three apartments provide additional revenue streams: one efficiency unit rents for $350 per month, a second efficiency for $400 per month, and a one-bedroom unit for $425 per month. Each unit has its own electric meter and thermostat, ensuring individual tenant responsibility for utility costs. Heating is provided by baseboard units upstairs, and gas forced air heat on the main level and basement. The main level also benefits from central air conditioning, while window units serve the upper apartments. The building boasts significant recent upgrades, including a new roof installed in 2016 and a furnace and central air conditioning system updated seven years ago. Energy-efficient replacement vinyl windows are installed throughout. This property presents a compelling investment opportunity for those seeking a combination of commercial and residential income, offering both immediate returns and long-term potential. The asking price is $125,000.