3029 Garfield Avenue, Minneapolis, MN 55408
- 4,412 sqft
Rental 
Built in 1960 
6,098sqft lot
—— car garage 
$196/sqft 
Listed 12 hours ago
Property Description
SELLER FINANCING AVAILABLE w/ the following terms: 20% down, 5.0% interest (interest-only), on a seven-year term. Fantastic investment opportunity to buy an apartment with seller-financing in the heart of Lyn-Lake! This fully renovated six-unit apartment at 3029 Garfield offers modern, updated units with leases running through Summer of 2025 – one unit has been left vacant to accommodate on-site showings. 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 $7,100/month, which includes revenue from rent, parking, pet fees, RUBs, and laundry – with the seller financing terms, this equates to a cash-on-cash return of over 12%! A turnkey investment in one of Minneapolis’s most popular rental areas—this is an income-producing property you won’t want to miss!
- Listing Status:
- Active
- Listing Office:
- Compass : 952-283-0897
- MLS ID:
- 6725729
- Heating: Boiler
This listing courtesy of Compass
Location
Schools Nearby
Lyndale Community School
312 W 34th St, Minneapolis, MN, 55408
Grades PK-5
0.40 miles away
Jefferson Elementary School
1200 W 26th St, Minneapolis, MN, 55405
Grades PK-8
0.72 miles away
Merc Extended
2539 Pleasant Ave, Minneapolis, MN, 55404
Grades 9-12
0.63 miles away
