3029 Garfield Avenue Minneapolis, MN 55408
Other
MLS #: 6624634
Courtesy Of Compass Minnesota, LLC
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Legal Description: LOT 017 BLOCK 003 MOTOR LINE ADDN TO MPLS
- MLSID: 6624634
MAP & DIRECTIONS
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