For Sale: Red Wing MLS# 6803774
Active
NEW!
$490,000
Multi-family: Apartments
Built 1880
2,829 sqft • 0.23 acres
Red Wing schools
MLS# 6803774

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Property Description
Rare 5 Plex Investment Opportunity!!! Fully rented with great cash flow! Major Remodel of all units as well as recent renovations to ceiling; flooring in Unit 1 & major Foundation work. Fresh paint throughout most Units. Maintenance-free Siding & Roof replaced in 2018. New Water Heater in 2020 & New Boiler in 2025. 4-1 Bedroom/1 Bath units along with 1 Studio apartment! On Site and Street Parking available. Located within the scenic Historic District; just steps away from downtown!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$490,000
Price per sq ft:
$173
Property Type:
Multi-family
City:
Red Wing
Garage Spaces:
0
County:
Goodhue
Year Built:
1880
State:
MN
Property Style:
Apartments
Zip Code:
55066
Subdivision Name:
City/Red Wing
Interior
Finished Area:
2,829 ft2
Living Area:
2,829 ft2
Ranges:
Five
Refrigerators:
Five
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
395 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
- Radiant
Parking Features:
Assigned
Shared Amenities:
Porch
Road Frontage:
City Street
Exterior Material:
Metal Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.23
Geolocation:
44.561611, -92.538541
Lot Dimensions:
.23 Acres
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Some Trees
Schools
School District:
256
District Phone:
651-385-4500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,750
Annual Fuel Expense:
$2,750
Annual Insurance Expense:
$6,288
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$17,873
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$4,170
Tenant Expenses:
Cable TV
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,206
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,392
Income
Annual Gross Income:
$62,700
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.