825 Orleans Ave, Keokuk, IA 52632 listing details

This is an excellent property for a real estate investor interested in rental income. The rental market is tight. Rents are climbing. The remodel is underway and is a great fixer upper for the right investor. No rent to own option. No owner financing. Please call for information. I dont like email. Interior photos: http://s184.photobucket.com/albums/x43/intullivision/ 825 Orleans Av. is a large two story 16 room house. It is located one block off Grand avenue in the Keokuk "Historic District" neighborhood. There are 7 bedrooms and 3 baths. Keokuk, Iowa is situ...ated on a bluff 150 feet above the Mississippi River (no flood issues) in the Southeastern tip of Iowa. The $49,500 price is half of the previous price. You will need about $4-$5k to invest in materials plus your labor to finish the remodel. I am including a late model Amana front load washer and dryer and a 2 year old electric range/oven. Other materials have been purchased. The 4 room Mother in law quarters with seperate front door could rent for $400/mo. The remaining 12 rooms in the house would rent for $800+ per month. The $1200 per month income would pay off the house in less than 4 years. Heat is electric baseboard. I installed a Hearthstone brand "Mansfield" Wood Burning Stove in the living room. It cost $5000 installed. Air conditioning is room inserts. Taxes are about $580/ year. There are 6 additional rooms in the 1100 sq. ft. basement. Perfect for a shop or storage. There is a walk up attic with additional 400 sq.ft. Keokuk is across the river from Hamilton, Illinois, and it is five miles to the Missouri state line. This part of Highway 61 is called Historic "Mark Twain" country. Quincy, Illinois is 40 miles south and another 20 miles to Hannibal, Missouri. Chicago can be reached from Macomb, Il. and is a 20 dollar train ride away. St Louis is 160 miles south (2 hours by car) and is the closest major airport. Keokuk's great schools are less than a mile from the house. Click the link at the bottom to get more information about the community. photos of the interior of house before the remodel : http://s184.photobucket.com/albums/x43/intullivision/ Video of City of Keokuk: http://youtu.be/-_O4SEsojak MAKE OFFER for Cash Purchase! No Rent to Own. This house is offered Free & Clear. Clean title. Taxes Paid! Call 619 807 2234 (cell) Any proposal for a "Contract" purchase should include an offer stating the price, term of the contract, interest rate, down payment, monthly payment, and background information and credit check. Show more