2700 GARFIELD AVENUE
2700 Garfield Avenue, Minneapolis, 55408, MN
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Price: $1,250,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Whittier
Bedrooms: 0
Property Size :0
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Listing Agent: NST18075,NST109245
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Property type : Other
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Zip code: 55408
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Street: 2700 Garfield Avenue
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Street: 2700 Garfield Avenue
Bathrooms: N/A
Year: 1959
Listing Brokerage: Downtown Resource Group, LLC
DETAILS
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 façade 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!
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 2664ft²
Unit Amenities:
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Heating System:
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- Hot Water
LOT
Acres: N/A
Lot Size Dim.: 118'x42'
Longitude: 44.9536
Latitude: -93.2871
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $16,315
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7651962
Listing Brokerage: Downtown Resource Group, LLC
ID: 3420578
Published: September 19, 2024
Last Update: September 19, 2024
Views: 27
