Listing Courtesy of Compass,

3029 Garfield Avenue, Minneapolis, Minnesota, 55408

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.

Active

$930,000

Condo/ Townhome/ Apartment

MLS

6624634

Built in 1960

Motor Line Add

12164 (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: 3029 Garfield Avenue
  • City: Minneapolis
  • State: Minnesota
  • County: Hennepin
  • Subdivision: Motor Line Add
  • Directions:
    North on Lyndale, Right on 31st, Left on Garfield

PROPERTY FEATURES

SCHOOLS NEAR 3029 Garfield Avenue

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