For Sale: Red Wing MLS# 7158553
Active
NEW!
$225,000
Multi-family: Duplex Side by Side
4 br • 2 ba • Built 1890
1,676 sqft • 0.14 acres
Red Wing schools
MLS# 7158553
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Property Description
With its desirable residential location, an updated unit, and established rental income, this duplex is a fantastic investment opportunity! The W 5th Street-side unit has been completely updaated, featuring fresh paint, new flooring, updated appliances, added central AC, and a bright, open-concept living room with a large picture window that fills the space with natural light. The brand-new kitchen boasts modern appliances and a beautiful butcher-block island, while a versatile bonus room with laundry offers the perfect space for a home office, den, or small bedroom. Upstairs, you'll find two spacious bedrooms and a brand-new full bathroom. The current lease for this unit runs through June 2027. The Jefferson Street-side unit features a living room, informal dining area, and eat-in kitchen on the main level. Upstairs, you'll find a bedroom and a 3/4 bathroom. This unit is on a month-to-month lease. Both units are currently rented, providing immediate rental income. Both also feature unfinished basements for extra storage, and tenants pay their own gas and electric. Outside, enjoy the shared L-shaped front porch, a backyard and side yard, plus a detached two-car garage and gravel driveway offering convenient off-street parking.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$225,000
Price per sq ft:
$134
Property Type:
Multi-family
City:
Red Wing
Garage Spaces:
2
County:
Goodhue
Year Built:
1890
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55066
Subdivision Name:
Sweneys Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,676 ft2
Living Area:
1,676 ft2
Basement Details:
Unfinished
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
20x24
Garage Size:
480 ft2
Foundation Size:
981 ft2
Foundation Dimensions:
Irregular
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Gravel
Road Frontage:
City Street
Roof Details:
Asphalt
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
44.560178, -92.550175
Lot Dimensions:
60 x 100
Zoning:
Residential-Multi-Family
Schools
School District:
256
District Phone:
6513854500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
$720
Annual Water/Sewer Expense:
$1,680
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,932
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,932
Income
Annual Gross Income:
$30,000
Rent
Annual Net Income:
$27,600
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Red Wing Homes For Sale.
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.