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427 Jefferson Street, Red Wing, MN 55066

Status: For Sale

2 units
1,676 sq ft 2 garage spaces

$225,000

WELCOME HOME

Get to know this property.

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.

The details that matter.

General Property Information for 427 Jefferson Street, Red Wing, MN 55066 - MLS# 7158553
Bedrooms and Bathrooms
Total Bedrooms:
4
Total Bathrooms:
2
Size and Multi Family Residence
Year Built:
1890
Type of Property:
Multi Family Residence
Style:
Duplex Side by Side
Stories/Levels:
1.5 Story
Total SqFt:
1,676
Total Fnsh'd SqFt:
1,676
Above Ground SqFt:
1,676
Finished Above Grade:
1,676
Below Ground SqFt:
981
Finished Below Grade:
0
Garage Stalls:
2
Garage SqFt:
480
Main Floor SqFt:
981
Approx Lot Dimensions:
60 x 100
Approx Number of Acres:
0.14
Income and Expenses
Gross Income:
$30,000
Total Expenses:
$0

A closer look at the location.

From Downtown Red Wing, go NW on W 4th St to Jefferson St. Go SW on Jefferson St to the property.

This listing has been entered by the following office: Red Wing Homes For Sale

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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