Property for Sale in Minneapolis
2700 Garfield Avenue
Minneapolis, MN 55408

Price
1,200,000

MLS #
6624560

Status
Active


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Property Details

Year Built
1959

Parking Features
Driveway - Other Surface

Zoning
Business/Commercial

2024 Property Taxes
$16,315

School District
Minneapolis

County
Hennepin


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 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!


North on Lyndale, Right on 27th, Property to the Right


North on Lyndale, Right on 27th, Property to the Right

Features


Heating
Boiler,Hot Water

Sewer
City Sewer/Connected

Water
Public

Additional Info


Listed By
Paul Begich of Compass

Listed
10/29/24 and last updated 10/29/24

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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