3029 Garfield Avenue
$930,000
—
—
4,412
4,412
$211
Listed By Compass
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,...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.
Listing Agent
Property Details for 3029 Garfield Avenue
Neighborhood
Lyndale
Subdivision NameMotor Line Add
Zoning JurisdictionResidential-Multi-Family
LISTING UPDATED: 10/29/2024 09:06 PM
Property Details for 3029 Garfield Avenue
Status | Active |
---|---|
MLS # | 6624634 |
Days on Compass | 96 |
Taxes | $12,164 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Apartment |
MLS Type | Commercial Sale / Apartment |
Year Built | 1960 |
Lot Size | 0.14 AC / 6,098 SF |
County | Hennepin County |
Building Information for 3029 Garfield Avenue
Stories-Residences6Year Built1960Lot Size0.14 AC / 6,098 SF
Property Information for 3029 Garfield Avenue
Property History for 3029 Garfield Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3029 Garfield Avenue
Taxable ValueLand$339,100Additions$422,900Total$762,000
Tax Record2023$12,164 ($1,014 / month)
Home Facts
Total Finished SqFt3,200 SqFtAbove Grade Finished SqFt3,200 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningR4CountyHENNEPINAPN03-028-24-22-0064
Schools near 3029 Garfield Avenue
This home is within Minneapolis Public School Dist..
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Lyndale Elementary School PublicPK to 5 | ||
Justice Page Middle School Public6 to 8 | ||
Washburn Senior High School Public9 to 12 | ||
MPS Online K-5 PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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