2700 Garfield Ave | Minneapolis, MN 55408
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- LoopNet Team
2700 Garfield Ave
Minneapolis, MN 55408
Multifamily Property For Sale · 8 Units
INVESTMENT HIGHLIGHTS
- In-Place Cap Rate of 8.14%
- Over $11,000/month in Income
- Mixture of Long-Term Tenants, and Furnished Mid/Short-Term Units
- Fully Renovated in 2022/23
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 5,328 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | Number of Floors | 2 |
| Building Class | C | Year Built | 1959 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,328 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1959 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 500 |
| Studios | 1 | - | 350 |
PROPERTY TAXES
| Parcel Number | 34-029-24-32-0097 | Improvements Assessment | £692,699 |
| Land Assessment | £120,089 | Total Assessment | £812,788 |
PROPERTY TAXES
Parcel Number
34-029-24-32-0097
Land Assessment
£120,089
Improvements Assessment
£692,699
Total Assessment
£812,788
ZONING
| Zoning Code | R2B (a low-density, multiple-family residential zoning district) |
| R2B (a low-density, multiple-family residential zoning district) |
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