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