For Sale: Red Wing MLS# 6718428
Active
$470,000
Multi-family: Four Plex
4 br • 4 ba • Built 1890
2,764 sqft • 0.24 acres
MLS# 6718428
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Property Description
This updated 4 plex is ready for its next owner, offering three solid long-term units and one thriving short-term rental. Tenants appreciate the off-street parking, curb appeal, and the unbeatable location near a neighborhood grocery and a short walk downtown. With smart updates already completed, the property delivers strong income potential and low stress ownership, and it sets up well for house hacking or flexible generational living with separate private units. The seller will consider reasonable offers, making this an excellent opportunity for buyers seeking value and versatility.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$470,000
Price per sq ft:
$170
Property Type:
Multi-family
City:
Red Wing
Garage Spaces:
0
County:
Goodhue
Year Built:
1890
State:
MN
Property Style:
Four Plex
Zip Code:
55066
Subdivision Name:
E&R B 11 W Ext Swen
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
2,764 ft2
Living Area:
2,764 ft2
Refrigerators:
One Per Unit
Basement Details:
- Partial
- Walkout
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,382 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
- Ductless Mini-Split
- Forced Air
Road Frontage:
- Paved Streets
- Sidewalks
Exterior Material:
Stone
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.24
Geolocation:
44.560081, -92.552247
Lot Dimensions:
90 x 121
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1183
District Phone:
6513854500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$367
Annual Insurance Expense:
$5,001
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$4,039
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,834
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,834
Income
Annual Gross Income:
$51,747
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.