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Presented By: Compass
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!
Presented By: Compass
Basement (Y/N)No
FuelNatural Gas
AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsBrick/Stone
ContingencyNone
CountyHennepin
Current UseResidential
DirectionsNorth on Lyndale, Right on 27th, Property to the Right
Garage Spaces
HeatingBoiler, Hot Water
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
NumberOfUnitsTotal8
PostalCityMinneapolis
Property SubtypeApartment
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHedderly & Mcgreggors Add
Tax Annual Amount16315
Tax Year2024
UtilitiesNone
Year Built1959
Zoning DescriptionBusiness/Commercial
Building Area Total5328
Foundation Area2664
InclusionsFixture/Equipment
Lot Dimensions118'x42'
Lot Size Area0.12
Parking FeaturesDriveway - Other Surface
Water SourceCity Water/Connected
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