$1,200,000
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2700 Garfield Avenue Minneapolis, MN 55408
Apartment
Residence
Beds
Baths
5,328
Sq. Ft.
0.12
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 lo...ng-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!
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MLS#
6624560
Property Type
Apartment
Year Built
1959
Square Feet
5,328
sq. ft
Lot Size
0.12
Sewer
City Sewer
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