520 Ravine StFaribault, MN 55021

Property Details for 520 Ravine St

Year built

1900

Lot size

0.44 AC

Property size (Sq ft)

4,781 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Faribault

County

Rice

State

Minnesota

Latitude

44.2949

Longitude

-93.2597

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