Great income generating property with immediate cash flow! Fully rented with leases well into 2025! Well located just blocks from downtown Red Wing and all it has to offer...parks, shopping, restaurants, entertainment. Two of the units have been freshly updated with new flooring, cabinets, doors, appliances, lighting, paint and more! Third unit has new flooring. Separately metered electric/gas. All windows have been replaced. Tenant shared laundry. Each unit includes one stall of the garage.
The median home value in Red Wing, MN is $315,000. This is higher than the county median home value of $290,400. The national median home value is $338,100. The average price of homes sold in Red Wing, MN is $315,000. Approximately 69.11% of Red Wing homes are owned, compared to 28.24% rented, while 2.66% are vacant. Red Wing real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Red Wing real estate agent to arrange a tour today!
Red Wing, Minnesota has a population of 16,596. Red Wing is less family-centric than the surrounding county with 28.63% of the households containing married families with children. The county average for households married with children is 30.79%.
The median household income in Red Wing, Minnesota is $61,040. The median household income for the surrounding county is $71,414 compared to the national median of $69,021. The median age of people living in Red Wing is 42.5 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 4.9 degrees. The average rainfall is approximately 32.9 inches per year, with 42.6 inches of snow per year.