Updated 3 days ago

$225,000

109 W 6th StreetRed Wing, MN 55066

Type: Multi-Family

3 Units

Description

Investment Opportunity in Red Wing! Unlock the potential of this well-located triplex, a rare find with great income-generating possibilities. Currently, two units are leased, providing immediate cash flow, while the third unit is vacant and ready for your personal touch. This property offers a fantastic canvas for value-add improvements. Pet-friendly, this triplex appeals to a wide range of tenants, enhancing its rental appeal. Don't miss out on the chance to capitalize on this promising property in the charming town of Red Wing!

MLS ID: 6568883

Directions: Hwy 61 to Plum Street, right to 6th Street

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Property Details

Essential Details

MLS #: 6568883

Listing courtesy of: NextHome Metro Real Estate Services

Price: $225,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 3

Annual Gross Income: $36,000

Annual Gross Expense: $0

Parking Features: On-Street Parking Only

Building Details

Owner Occupied: No

Finished SqFt Total: 1,822

Finished Above Grade: 1,822

Fireplace: No

Construction Materials: Vinyl Siding

AccessibilityFeatures: None

Heating: Baseboard

Electric: Circuit Breakers

Style: Triplex

Foundation Area: 911

Sewer: City Sewer/Connected

Water Source: City Water - In Street

Present Use: Yearly

Number of Ranges: One Per Unit

Number of Refrigerators: One Per Unit

Lot Details

Complex/Dev/Sub Name: City/Red Wing

Lot Dimensions: 60x143

Road Frontage: City Street

School Information

District: Red Wing

District Number: 256

District Phone: 651-385-4500

Community Information

County: Goodhue

Taxes

Tax Year: 2023

Tax Amount: $3,100

Assessment Pending: Unknown

Taxes w/Assessments: $3,100

This listing was last updated by NextHome Metro Real Estate Services on 9/4/2024 at 7:38 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 9/7/2024 9:45 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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