Faribault, MN 55021,520 Ravine ST
Faribault, MN 55021,520 Ravine ST
Faribault, MN 55021,520 Ravine ST
$420,000
Est. payment /mo
$450,000
6.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

0.44 Acres Lot
SOLD DATE : 02/28/2025

Key Details

Sold Price $420,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision City/Faribault

MLS Listing ID 6637545

Sold Date 02/28/25

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 Sub-Type Apartment

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

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Hailey Warner • eXp Realty

GET MORE INFORMATION

agent
Thomas DeMaio

Associate Broker SRES® ABR® | License ID: 40590579

+1(215) 622-0620 | youragenttom@gmail.com

Name
Phone*
Message