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$ 450,000
Est. payment /mo
Active
520 Ravine ST Faribault, MN 55021
0.44 Acres Lot
UPDATED:
12/07/2024 02:05 AM
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