bedrooms
5
bathrooms
0
square feet
0
Acreage
0.14
Open Houses
-
year built
1960
Full Baths
0
Half Baths
0
SELLER FINANCING AVAILABLE w/ the following terms: 25% 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 $7,300/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 10%! A turnkey investment in one of Minneapolis’s most popular rental areas—this is an income-producing property you won’t want to miss!
Location | |
Subdivision | Motor Line Add |
County | Hennepin |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 6683072
Listing agent:
Paul Begich
Listing broker:
Compass Minnesota, Llc
(952) 213-1631
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Thursday, March 13 2025 at 10:22 a.m. EDT
Kotohomes National
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