Milky Way, at least in the neighborhood of the Sun. However, due to their low luminosity, individual red dwarfs cannot be easily observed. From Earth, not one star that fits the stricter definitions of a red dwarf is visible to the naked eye. Proxima Centauri, the star nearest to the Sun, is a red dwarf, as are fifty of the sixty nearest stars. According to some estimates, red dwarfs make up three-quarters of the fusing stars in the Milky Way.- Proxima Centauri (Wikipedia)
Proxima Centauri is a small, low-mass star located 4.2465 light-years (1.3020 pc) away from the Sun in the southern constellation of Centaurus. Its Latin name means the ’nearest [star] of Centaurus’. It was discovered in 1915 by Robert Innes and is the nearest-known star to the Sun. With a quiescent apparent magnitude of 11.13, it is too faint to be seen with the unaided eye. Proxima Centauri is a member of the Alpha Centauri star system, being identified as component Alpha Centauri C, and is 2.18° to the southwest of the Alpha Centauri AB pair. It is currently 12,950 AU (0.2 ly) from AB, which it orbits with a period of about 550,000 years.