Kalie Normandin
MLS#7082352
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONCity/Red Wing
SCHOOLRed Wing
Property Description
Turnkey 5-Unit Investment Opportunity in Red Wing!Fully leased 5-plex in a desirable, walkable historic neighborhood just minutes from downtown and the Mississippi River. Property features 4 one-bedroom units and 1 studio, generating $5,075/month in gross rental income with continued upside potential.Recent improvements include updated interiors, flooring, paint, and major mechanicals: new boiler (2025), water heater (2020), and roof (2018)?helping minimize near-term capital expenses. Generous lot with on-site and street parking.Strong rental demand area with consistent occupancy?ideal for investors seeking a stable, income-producing asset with upside!!
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Baseboard, Boiler, Radiant
Lot Size: 0.23 Acres
Roof Type: Age 8 Years or Less, Asphalt
Stories: 2.0
Taxes: $4,206
Year Built: 1880
Feature Descriptions
Appliances: Range, Refrigerator
Basement: Partial
Current Use: Residential
Days on Site: 8
Foundation Size: 395
Lot: Irregular Lot, Tree Coverage - Light
Lot Dimensions: .23 Acres
Owners Expense: Electricity, Fuel, Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection
Parcel#: 550051850
Parking: Assigned
Road Frontage: City Street
Sale Includes: Building, Land
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV
Units: 5
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Red Wing
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Agency Phone: 715-273-4077
Shown By
Agent Name: Kalie Normandin
Agent Phone: (218) 289-5054
Agency Title: LeBlanc Realty
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815 W 4th Street | MLS# 7082352
This commercial property located at 815 W 4th Street , Red Wing, MN 55066 is currently listed for sale with an asking price of $374,900. W 4th Street is located within the Red Wing school district. Search Red Wing real estate on knormandin.leblancrealty.com today.