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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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2322 Garfield Avenue, Minneapolis, MN 55405
$960,000
SQUARE FEET 4,973
MLS# 7062574
STATUS: Pending
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Badger & Penneys 2nd Add
SCHOOL: Minneapolis
Property Description
An exceptional investment opportunity awaits with this impeccable brick four-plex situated in a perfect high demand area, close to Uptown, Downtown, and the Chain of Lakes. Each of the four existing units feature, sun-drenched layout designed to attract and retain high-quality tenants, boasting modern updates, along with classic details. The spacious units also feature a large living room and dining room with built-ins, as well as two large bedrooms and window wrapped sunrooms. Ample dedicated off-street parking is available for tenants in your large dedicated parking lot. Many recent improvements including windows, mechanicals and much more. There is even potential for finishing unused lower-level space for a possible 5th or 6th unit. A perfect balance of immediate cash flow with significant value-add potential. This building is walkable to many restaurants, shops and grocery stores as well as public transportation. Don't miss out on this great opportunity!
Property Features
Property Type: Multi Unit - Multiple Basement: Unfinished Basement: Yes Heating: Hot Water Lot Size: 0.19 Acres Roof Type: Flat, Rubber Taxes: $15,002 Year Built: 1912
Feature Descriptions
Days on Site: 35
Foundation Size: 4973
Lot: Corner Lot
Lot Dimensions: 70.17 X 118.6
Owners Expense: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Parcel#: 3402924220190
Parking: Paved Lot
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Fuel, Trash Collection
Units: 4
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Agency Name: Coldwell Banker Realty - Lakes
Agency Phone: 612-920-5605
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Estimated Payment
$ 6,639.69 per month
$5,109.52 Principal & Interest
$1,250.17 Property Tax
$280.00 Homeowner's Insurance
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2322 Garfield Avenue | MLS# 7062574
This multi-family property located at 2322 Garfield Avenue, Minneapolis, MN 55405 is currently listed for sale with an asking price of $960,000. Garfield Avenue is located within the Minneapolis school district. Search Minneapolis real estate on nanderson.counselorrealty.com today.