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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Garage: 2
Heating: Forced Air
Lot Size: 0.14 Acres
Roof Type: Asphalt
Taxes: $2,932
Year Built: 1890
Feature Descriptions
Days on Site: 7
Foundation Size: 981
Lot Dimensions: 60x100
Owners Expense: Trash Collection, Water
Parcel#: 555351350
Parking: Detached Garage, Gravel
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Gas
Units: 2
Water: City Water/Connected
Local Schools
School District: Red Wing
Listed By / Shown By
Listed By
Agency Name: Red Wing Homes For Sale
Agency Phone: 651-388-1995
Shown By
Agent Name: Dan Zugschwert, Home Sales Team
Agent Phone: (651) 357-2731
Agency Title: Counselor Realty
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Estimated Payment
$ 1,507.50 per month $1,197.54 Principal & Interest $244.33 Property Tax $65.63 Homeowner's InsuranceChange Payment Information
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427 Jefferson Street | MLS# 7158553
This multi-family property located at 427 Jefferson Street, Red Wing, MN 55066 is currently listed for sale with an asking price of $225,000. Jefferson Street is located within the Red Wing school district. Search Red Wing real estate on dzugschwert.counselorrealty.com today.