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2700 Garfield Avenue, Minneapolis, MN 55408
$1,200,000
2700 Garfield Avenue

2700 Garfield Avenue

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!
  • For Sale
  • 1959 BUILT
  • 5,227.2 Sq.Ft. LOT
  • 5,328 Sq.Ft.

Features & Amenities

Exterior

  • Water Source: City Water/Connected
  • Utilities: None
  • Parking:Driveway - Other Surface
  • Heat Type:Boiler, Hot Water
  • Sewer:City Sewer/Connected
  • Disability Features:None

Financial

  • SALES PRICE $1,200,000
  • REAL ESTATE TAXES $16,315/yr

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DOWNTOWN MPLS

The Central Minneapolis community is located in the central part of the city.

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