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827 4th Street, Red Wing, MN 55066

$249,750

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 5 Total Beds
827 4th Street, Red Wing, MN 55066 View this property at 827 4th Street, Red Wing, MN 55066
827 4th Street Red Wing MN 55066

Property Description

Nice 4 plex with lots of desirable ''old world charm'' located within walking distance of historic downtown Red Wing. Recent updates include boiler, water heaters, elec panels,carpet, bathrooms, roof and water softener. Excellent cash flow of about $ 21,000 provides over 8% cap rate at list price and almost 20 percent ''cash on cash'' return with 20 percent downpayment. This is a Money Maker!

Full Property Details for 827 4th Street

  • Price: $249,750
  • Taxes: $3,116 (2016)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 4077128
  • Updated: 2/17/2017
  • Added: 65 day(s) ago

Property History

  • 827 4th Street, Red Wing, MN
  • Listed at $249,750 on 2/17/17

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Mechanicals: Water Softener - Own

Parking

  • Garage Description: None

Location

  • County: Goodhue
  • Driving Directions: From Highway 61 and Bush, go to 4th Street, right on fourth to 827

School Information

  • School District: Red Wing #256

Heating & Cooling

  • Heating Type: Baseboard, Boiler, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City
  • Water: City

Structural Information

  • Architectural Style: Fourplex
  • Construction: Frame/Wood
  • Basement: Yes
  • Basement Desc.: Partial, Rock
  • Foundation Size: 1867
  • Roof: Asphalt Shingles
  • Stories Description: 2 Stories
  • Square Feet: 3,969
  • 2nd Level: 1,102 Sq. Ft.
  • Main/1st Level: 1,867 Sq. Ft.
  • Down/Basement: 1,000 Sq. Ft.
  • Above Ground: 2,969 Sq. Ft.
  • Year Built: 1890

Unit Information

Unit 1

  • Square Feet: 615
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 750
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Square Feet: 700
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Square Feet: 800
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: 70 x 102

Financial Considerations

  • Tax w/Assessment: $3,116
  • Tax Amount: $3,116
  • Tax Year: 2016
  • Owner Pays: Fuel, Water/Sewer
  • Tenant Pays: Cable TV, Electricity

Disclosures and Reports

  • Legal Description: ORIGINAL PLAT ID# 5-0050-18000 WLY 10 FEET OF LOT 9 LOT 10 BLK 17 EXCEPT S 40 FEET DOC# 474161

Listed by Nielson Construction & RE Services, LLC

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827 4th Street will cost you if you:

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In the Community

Nearby Schools

827 4th Street, Red Wing, MN 55066 (MLS# 4077128) is a Multi-Family property with 4 units containing 5 bedrooms and 0 full bathrooms. 827 4th Street is currently listed for $249,750 and was received on February 17, 2017. Want to learn more about 827 4th Street? Do you have questions about finding other Multi-Family real estate for sale in Red Wing? You can browse all Red Wing real estate or contact a Coldwell Banker agent to request more information.

Listed by Nielson Construction & RE Services, LLC

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