Active
2700 Garfield Avenue
Minneapolis MN, 55408
$1,200,000
$225.23 per sqft
Active
5,328 sqft
Commercial
Built in 1959
MOTIVATED SELLER - Encouraging Offers! Located in the heart of the Whittier neighborhood, this beautifully renovated 8-unit apartment presents an exceptional investment opportunity - featuring a unit mix of seven x one-bedroom units and one x studio, along with five parking stalls. With a mix of long-term tenants and fully furnished mid-term and short-term units, this property is already generating strong income, grossing north of $11,000 per month, representing an in-place cap rate of 7.81%! The property has undergone an extensive renovation, addressing everything from the exterior facade and landscaping to the common areas and in-unit upgrades. Each unit is tastefully updated, ensuring a modern living experience for all residents. Whether you're looking to expand your portfolio or seeking a solid investment in a vibrant Minneapolis neighborhood, 2700 Garfield Avenue South offers a rare blend of immediate income and long-term value appreciation. Don't miss out on this well-maintained, high-performing asset in one of the city's most sought-after areas!
6624560
MLSⓇ ID
October 29, 2024
Listed
November 23, 2024
Updated
Map
2700 Garfield Avenue
Minneapolis MN, 55408
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Boiler, Hot Water
Exterior/Building Features
Lot Size
0.12 Acres
Sewer
City Sewer/Connected
School Information
School District
Minneapolis
Other Property Details
Taxes
$16,315
Tax Frequency
Annually
Garage
No
Parking
Driveway - Other Surface
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 Heather Zielinski 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