Listing Courtesy of Compass,

2700 Garfield Avenue, Minneapolis, Minnesota, 55408

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!

Active

$1,200,000

Condo/ Townhome/ Apartment

MLS

6624560

Built in 1959

Hedderly & Mcgreggors Add

16315 (2024)

Disclaimer: The information contained in this listing has not been verified by Compass and should be verified by the buyer.

Information provided by NorthstarMLS

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ADDRESS & DIRECTIONS

  • Street Address: 2700 Garfield Avenue
  • City: Minneapolis
  • State: Minnesota
  • County: Hennepin
  • Subdivision: Hedderly & Mcgreggors Add
  • Directions:
    North on Lyndale, Right on 27th, Property to the Right

PROPERTY FEATURES

SCHOOLS NEAR 2700 Garfield Avenue

  • Courtesy of Compass,
  • Property last updated on NorthstarMLS : 11/4/2024 3:02:39 AM