Active

3029 Garfield Avenue

Minneapolis MN, 55408

$930,000


$210.79 per sqft

Active

4,412 sqft

Commercial

Built in 1960

CONTRACT FOR DEED AVAILABLE! Fantastic investment opportunity to buy an apartment with seller-financing in the heart of Lyn-Lake! This fully renovated, fully occupied, six-unit building at 3029 Garfield offers modern, updated units with leases running through Summer of 2025. The unit mix consists of 1 x studio, and 5 x one-bedrooms. Tenants enjoy the convenience of mobile-friendly laundry and eight dedicated parking spaces. The property generates over $7,300/month, which includes revenue from rent, parking, pet fees, RUBs, and laundry. A turnkey investment in one of Minneapolis's most popular rental areas--this is an income-producing property you won't want to miss! The property can be purchased on a contract for deed with the following terms: 25+% down, 5.0% interest, interest-only monthly payments, on a seven-year term.

6624634

MLS ID

October 29, 2024

Listed

November 23, 2024

Updated

Map

3029 Garfield Avenue
Minneapolis MN, 55408

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Boiler

Exterior/Building Features

Lot Size

0.14 Acres


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$12,164


Tax Frequency

Annually


Garage

No


Parking

Parking Lot


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No

 

Courtesy of Compass

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Natasha Cejudo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 2:36 PM UTC, 11/23/2024

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