3029 Garfield Avenue, Minneapolis, MN 55408
Other
THB ฿31,983,049
USD $930,000
Published on: 01 Nov 2024
Last updated on: 16 Jan 2025
Property ID: 110095447358
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Commercial - Minneapolis, MN
3029 Garfield Avenue, Minneapolis, MN 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.
Property Details
Basic Info
Basic Info
Property Type
Other
Listing Status
Active
Land Size
566.56 m2
Year Built
1960
Architecture Style
Other
County
Hennepin
Parcel ID
0302824220064
Provider
Regional Multiple Listing Service of Minnesota [NorthStarMLS]
Subdivision
Motor Line Add
Brokerage Office Name
Compass Minnesota, LLC
Brokerage Office Phone
(952) 213-1631
Address
3029 Garfield Avenue, Minneapolis, MN 55408
Tax History
| Year | Tax amount | |
|---|---|---|
| 2024 | USD $12164 | THB ฿418,325* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.
Contact Agent
Paul Begich
Contact Agent
Contact Agent
Email enquiry to Compass
Paul Begich
5018 France Ave S, Edina, MN 55410
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Property ID: 110095447358
Data provided by Regional Multiple Listing Service of Minnesota [NorthStarMLS], MLS #: 6624634
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Copyright © 2025 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.
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