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520 Ravine St Faribault, MN 55021

Sponsored
For Sale
$450,000

Historic Charm, Prime Location, Strong Rental Income

Property size:
4,781 SF

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional 5-unit apartment building presents a unique investment opportunity in the heart of historic Faribault, Minnesota. Situated on a 0.44-acre lot at 520 Ravine Street, this 4,781 square foot property boasts classic architectural details including original hardwood floors and elegant arched doorways, creating a warm and inviting atmosphere for residents. Its prime location offers convenient access to downtown amenities, the Minnesota Academy for the Deaf, and the prestigious Shattuck-St. Mary's School, ensuring high tenant demand. Each unit benefits from on-site laundry facilities, and off-street parking is provided. The property's layout is well-suited for an owner-occupant seeking both comfortable living and a reliable income stream. This versatile property offers a blend of historic character and modern convenience, making it an ideal addition to any investment portfolio or a perfect opportunity for a homeowner seeking rental income. The asking price is $450,000. This is a rare chance to acquire a piece of Faribault's rich history with significant future potential. The property's strong location and desirable features make it a compelling investment.

Property Features for 520 Ravine St

General Information

Property type
Residential income properties
Square Feet
4,781 SF
Lot Size
19,166 SF

Building Details

Year Built
1900

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Faribault
County
Rice
State
Minnesota
Longitude
-93.25971
Latitude
44.29493

FAQs

What type of property is this?
Residential income property - Historic Charm, Prime Location, Strong Rental Income
Where is this residential income property located?
The property is located at 520 Ravine St Faribault, MN.
What is the asking price?
The asking price for this property is $450,000.
More about this property
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