For Sale: Redwood Falls MLS# 6735740
Active
NEW!
$325,000
Multi-family: Four Plex
Built 1971
2,970 sqft • 0.18 acres
Redwood Area schools
MLS# 6735740
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Property Description
Unlock consistent cash flow with this well-maintained 4-unit multifamily property, perfectly suited for investors or owner-occupants looking to generate passive income. Each spacious unit features 2 bedrooms, and 1 bathroom featuring comfortable layouts for long term tenants. This property is currently fully leased out and offers individual garage space to all 4 units with openers, coin-operated laundry in common area, separately metered electrical in units and common area, 3 updated units including new flooring, cabinets, quartz counter tops, and bathroom updates. Turn-key investment! Call today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$325,000
Price per sq ft:
$109
Property Type:
Multi-family
City:
Redwood Falls
Garage Spaces:
4
County:
Redwood
Year Built:
1971
State:
MN
Property Style:
Four Plex
Zip Code:
56283
Subdivision Name:
Hitchcocks Add
Interior
Finished Area:
2,970 ft2
Living Area:
2,970 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
- Sump Pump
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
4
Garage Dimensions:
22 X 48
Garage Size:
1,056 ft2
Foundation Size:
1,485 ft2
Foundation Dimensions:
27 X 55
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Space Heater
Parking Features:
- Concrete
- Detached
- Garage Door Opener
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- County Road
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
- Brick/Stone
- Fiber Board
Roof Details:
Asphalt
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.18
Geolocation:
44.535284, -95.114261
Lot Dimensions:
65 X120
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
2897
District Phone:
507-644-8064
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity, Fuel, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,850
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,970
Income
Annual Gross Income:
$36,000
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Kerkhoff Auction & Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.