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27929165
27927348

480 W 8th St, Red Wing, MN 55066

NO
MN MN #40329256
Apartment Cash Flow Inc.
Listed by Apartment Cash Flow Inc.
$1,350,000
223 days on market
Updated 4 days ago

The Downton Abbey

Details
APN 55-550-0040
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,000
Net Rentable (SqFt) 9,000
Units 6
Cap Rate 6.34%
NOI $85,641
Pro-Forma Cap Rate 6.34%
Pro-Forma NOI $85,641
Price per SqFt $150
Class B
Year Built 1965
Year Renovated 2024-2025
Buildings 1
Stories 3
Acreage 0.380
Zoning multi-family
Parking Spaces 12 spaces
Parking Per SqFt 1.33
Investment Type Stabilized
Ground Lease No
Ownership 100%
Sale Condition 1031 exchange

Six Renovated Apartments in a 3-Story All-Brick Building Sitting on 0.38 Acres! Turn-Key!!

Marketing description

The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

Investment highlights

The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

Listing Contacts

NO
MN MN #40329256
Apartment Cash Flow Inc.
Listed by Apartment Cash Flow Inc.

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,641.00
$7,136.75/mo

Valuation Metrics

0
DSCR
6.34%
Cap Rate
6.34%
ROI

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Additional Information

Name
Nathan Opatz
License
MN #40329256
Brokerage
Apartment Cash Flow Inc.
Brokerage Phone
651-263-3653
Title
Real Estate Broker
Brokerage Address
1303 River Ridge Road
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