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$225,000

4 Beds 2 Baths 1,676 SQFT 0.14 Acres
Type: Multi-Family

427 Jefferson Street
Red Wing, MN 55066

MLS#: 7158553
Clint Kuipers
Clint Kuipers
The Real Estate Advantage
Real Estate Agent
Phone: 651.485.1534
Office: 763.755.1100
Presented by: Red Wing Homes For Sale

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.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,676 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation DimensionsIrregular
FuelNatural Gas
Garage Dimensions20x24
Garage Square Feet480
Laundry FeaturesIn Unit

General

AccessibilityNone
Additional Parcels Y/NNo
CityRed Wing
ContingencyNone
CountyGoodhue
DirectionsFrom Downtown Red Wing, go NW on W 4th St to Jefferson St. Go SW on Jefferson St to the property.
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income30000
HeatingForced Air
High School DistrictRed Wing
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsOne and One Half
Living Area1,676 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income27600
New ConstructionNo
Number Of Units Total2
Operating Expense2400
OwnerPaysTrash Collection, Water
PostalCityRed Wing
Property SubtypeDuplex Side by Side
Property TypeResidential Income
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameSweneys Add
Tax Annual Amount$2,932
Tax Year2026
Tenant PaysElectricity, Gas
Trash Expense720
Water Sewer Expense1680
Year Built1890
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,657 sqft
Foundation Area981 sqft
Lot Dimensions60x100
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Gravel
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$225,000

4 Beds 2 Baths 1,676 SQFT 0.14 Acres
Type: Multi-Family

427 Jefferson Street
Red Wing, MN 55066

MLS#: 7158553
Clint Kuipers
Clint Kuipers
The Real Estate Advantage
Real Estate Agent
Phone: 651.485.1534
Office: 763.755.1100