MN > Minneapolis > Hedderly & Mcgreggors Add
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
Minneapolis, MN 55408,2700 Garfield AVE
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Lisa Stroud

Lisa Stroud

+1(612) 802-2822
$ 1,200,000
Est. payment | /mo

5,227 Sqft Lot

Save
$ 1,200,000
Est. payment | /mo
Save

5,227 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Hedderly & Mcgreggors Add

MLS Listing ID 6624560

Year Built 1959

Annual Tax Amount $16,315

Tax Year 2024

Contingent None

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 118'x42'

Property Description

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!

Location

State MN

County Hennepin

Zoning Business/Commercial

Interior

Heating Boiler, Hot Water

Inclusions Fixture/Equipment

Fireplace No

Exterior

Garage Driveway - Other Surface

Utilities Available None

Present Use Residential

Parking Type Driveway - Other Surface

Building

Foundation 2664

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Minneapolis

Listed by Paul Begich • Compass
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 802-2822

lisa.n.stroud@exprealty.com

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2700 Garfield AVE