Homes for sale - 520 Ravine ST, Faribault, MN 55021

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Brad Lacher

brad@greatmnhomes.com +1(952) 200-1994

$ 450,000

Est. payment | -/mo

0.44 Acres Lot

Save Virtual Tour

$ 450,000

Est. payment | -/mo

Save Virtual Tour

0.44 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision City/Faribault

MLS Listing ID 6637545

Year Built 1900

Annual Tax Amount $4,732

Tax Year 2024

Contingent None

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 125x165

Property Description

Charming 5-Unit Rental Property in Historic Faribault! Nestled near the heart of Faribault’s vibrant and historic downtown, this charming 5-unit rental property offers a rare blend of timeless character and modern convenience. Located within walking distance to the Minnesota Academy for the Deaf and the prestigious Shattuck-St. Mary’s School, this property is ideally situated for tenants seeking proximity to top local institutions and the amenities of downtown living. Inside, the building showcases original hardwood floors, elegant arched doorways, and classic architectural details that create a warm and inviting atmosphere. Tenants enjoy the convenience of on-site laundry facilities and off-street parking, while the property’s layout and features make it an excellent opportunity for an owner-occupant to live comfortably while generating rental income. Whether you’re an investor looking to expand your portfolio or a homeowner seeking a property with income potential, this versatile gem is worth exploring. Don't miss the chance to own a piece of Faribault’s historic charm with incredible potential for the future. Schedule your showing today!

Location

State MN

County Rice

Zoning Residential-Multi-Family

Interior

Heating Hot Water

Cooling None

Inclusions Building, Leases

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate

Roof Type Asphalt,Pitched

Present Use Residential

Building

Lot Description Tree Coverage - Light

Story Two

Foundation 2462

Sewer City Sewer - In Street

Water City Water/Connected

Level or Stories Two

Structure Type Wood Siding

Schools

School District Faribault

Listed by Hailey Warner • eXp Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 200-1994

brad@greatmnhomes.com

8604 Eagle Creek Cir, Savage, MN, 55378, USA

520 Ravine ST Faribault, MN 55021