815 W 4th Street, Red Wing, MN 55066
sale
$374,900
|
Other
Courtesy Of RE/MAX Results
Turnkey 5-Unit Investment Opportunity in Red Wing!
Fully leased 5-plex in a desirable, walkable historic neighborhood just minutes from downtown and the Mississippi River. Property features 4 one-bedroom units and 1 studio, generating $5,075/month in gross rental income with continued upside potential.
Recent improvements include updated interiors, flooring, paint, and major mechanicals: new boiler (2025), water heater (2020), and roof (2018) helping minimize near-term capital expenses. Generous lot with on-site and street parking.
Strong rental demand area with consistent occupancy ideal for investors seeking a stable, income-producing asset with upside!!
Fully leased 5-plex in a desirable, walkable historic neighborhood just minutes from downtown and the Mississippi River. Property features 4 one-bedroom units and 1 studio, generating $5,075/month in gross rental income with continued upside potential.
Recent improvements include updated interiors, flooring, paint, and major mechanicals: new boiler (2025), water heater (2020), and roof (2018) helping minimize near-term capital expenses. Generous lot with on-site and street parking.
Strong rental demand area with consistent occupancy ideal for investors seeking a stable, income-producing asset with upside!!
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Property Features
- Age: Over 50 Years Old
- Appliance: Refrigerator
- Appliance: Range
- Architecture Style: Other
- Floor Covering: Wood
- Floor Covering: Carpet
- Heating System: Baseboard
- Heating System: Radiant
- Legal Description: ORIGINAL PLAT DOC#650566 LOT 8 BLK 17 EX ELY 13FT; ELY 10FT LOT 9 ID# 5-0050-17800
- MLSID: 7082352
- Roof Type: Asphalt
- Roof Type: Shingle
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
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