Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
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$1,100,000

Est.Price: ?

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Est. payment /mo

5,227 Sqft Lot


SOLD DATE : 01/24/2025

Key Details

Sold Price $1,100,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Hedderly & Mcgreggors Add

MLS Listing ID 6624560

Year Built 1959

Annual Tax Amount $16,315

Tax Year 2024

Lot Size 5,227 Sqft

Property Sub-Type Apartment

Property Description

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!

Location

State MN

County Hennepin

Zoning Business/Commercial

Interior

Heating Boiler, Hot Water

Exterior

Parking Features Driveway - Other Surface

Utilities Available None

Building

Foundation 2664

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Minneapolis

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Listed by Paul Begich • Compass

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agent
Andrew Beitler, MBA

Agent | License ID: 40658950

+1(612) 432-3873

1350 Game Farm Cir, Minnetrista, MN, 55364

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