MN > Minneapolis > Motor Line Add
Minneapolis, MN 55408,3029 Garfield AVE
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Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
Minneapolis, MN 55408,3029 Garfield AVE
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Jason Lange

Jason Lange

+1(612) 247-7593
$ 930,000
Est. payment /mo
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Active

3029 Garfield AVE Minneapolis, MN 55408

6,098 Sqft Lot

UPDATED:

10/30/2024 02:06 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Motor Line Add

MLS Listing ID 6624634

Year Built 1960

Annual Tax Amount $12,164

Tax Year 2024

Contingent None

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 46' x 128'

Property Description

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Leases, Rental License

Fireplace No

Exterior

Garage Parking Lot

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Present Use Residential

Building

Foundation 1616

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone,Stucco

Schools

School District Minneapolis

Listed by Paul Begich • Compass

Jason Lange

Agent | License ID: 20457477

+1(612) 247-7593

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