3029 Garfield Avenue
SELLER FINANCING AVAILABLE w/ the following terms: 25% down, 5.0% interest (interest-only), on a seven-year term. Fantastic investment opportunity to buy an apartment with seller-financing in the heart of Lyn-Lake! This fully renovated six-unit apartment at 3029 Garfield offers modern, updated units with leases running through Summer of 2025 - one unit has been left vacant to accommodate on-site showings. 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 - with the seller financing terms, this equates to a cash-on-cash return of over 10%! A turnkey investment in one of Minneapolis's most popular rental areas--this is an income-producing property you won't want to miss!
- For Sale
- 1960 BUILT
- 6,098.4 Sq.Ft. LOT
- 4,412 Sq.Ft.