x
Showing 1 of 0
X
Save

2700 Garfield Avenue
Minneapolis MN 55408 US

$1,200,000

Active Listing ID 6624560
lot icon
Lot: 0.12 Acres
home icon
Other

$1,200,000

Active Listing ID 6624560
Save

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 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!

Collapse all

Property Features

  • Facts
  • Lot Size: 0.12 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Brick/Stone
  • Heating Fuels: Hot Water

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1200000
  • unparsedaddress: 2700 Garfield Avenue
  • postalcity: Minneapolis
  • stateorprovince: MN
  • country: US
  • postalcode: 55408
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.12
  • lotsizeunits: Acres
  • lotsizearea: 0.12
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 44.953605
  • longitude: -93.287132
  • listagentfullname: Paul Begich
  • listagentemail: paul.begich@compass.com
  • listagentkey: 3yd-RMLSMN-502047750
  • listagentmlsid: 502047750
  • listagentpreferredphone: 9528473406
  • listagentofficephone: 9522830897
  • listofficekey: 3yd-RMLSMN-49138
  • listofficemlsid: 49138
  • disclaimer: Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1959
  • listingcontractdate: 2024-10-29
  • listagenturl: https://www.compass.com
  • countyorparish: Hennepin
  • parcelnumber: 3402924320097
  • heating: Hot Water
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway
  • waterfrontyn: False
  • exteriorfeatures: Brick/Stone
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -93.28713, 44.953606
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass Minnesota, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"paul.begich@compass.com", "ListBrokerageCity":"St Louis Park", "ListBrokerageCountry":"US", "ListBrokerageEmail":"support@compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass Minnesota, LLC", "ListBrokeragePhone":"(952) 213-1631", "ListBrokeragePostalCode":"55416-1443", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1600 Utica Ave S", "ListBrokerageWebsiteUrl":"https://www.compass.com", "ListOfficeAddress1":"5018 France Ave S", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Edina", "ListOfficeCountry":"US", "ListOfficeEmail":"support@compass.com", "ListOfficePostalCode":"55410", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Minneapolis, MN", "ListingURL":"https://listings.listhub.net/pages/RMLSMN/6624560/?channel=rexren", "MLSModificationTimestamp":"2024-10-29T16:27:11Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":16314.68, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:09:35 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Paul Begich, Compass, paul.begich@compass.com

Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.