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3029 Garfield Avenue, Minneapolis, MN 55408
$930,000
3029 Garfield Avenue

3029 Garfield Avenue

CONTRACT FOR DEED AVAILABLE! Fantastic investment opportunity to buy an apartment with seller-financing in the heart of Lyn-Lake! This fully renovated, fully occupied, six-unit building at 3029 Garfield offers modern, updated units with leases running through Summer of 2025. The unit mix consists of 1 x studio, and 5 x one-bedrooms. Tenants enjoy the convenience of mobile-friendly laundry and eight dedicated parking spaces. The property generates over $7,300/month, which includes revenue from rent, parking, pet fees, RUBs, and laundry. A turnkey investment in one of Minneapolis's most popular rental areas--this is an income-producing property you won't want to miss! The property can be purchased on a contract for deed with the following terms: 25+% down, 5.0% interest, interest-only monthly payments, on a seven-year term.
  • For Sale
  • 1960 BUILT
  • 6,098.4 Sq.Ft. LOT
  • 4,412 Sq.Ft.

Features & Amenities

Exterior

  • Water Source: City Water/Connected
  • Utilities: Electric Common, Electric Separate, Heating Common, Hot Water Common
  • Parking:Parking Lot
  • Heat Type:Boiler
  • Sewer:City Sewer/Connected
  • Disability Features:None

Financial

  • SALES PRICE $930,000
  • REAL ESTATE TAXES $12,164/yr

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DOWNTOWN MPLS

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

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