2308 Garfield AVE new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55405
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Badger & Penneys 2Nd Add
MLS Listing ID 6804564
Year Built 1967
Annual Tax Amount $22,796
Tax Year 2025
Lot Size 9,583 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present for sale Garfield Avenue Apartments, a 12-unit apartment community located in the Whittier neighborhood of Minneapolis
2308 Garfield Ave S is available for purchase for the first time in over 20 years. We are pleased to present a unique opportunity to purchase a beloved asset in a core urban area. Consisting of 10 one-bedrooms and 2 studios, this property is exceptionally well cared for. Built in 1967, and situated on a .22 acre lot, 2308 Garfield enjoys a great location within walking distance to the commercial district of Lyndale Avenue. Located one street from Lyndale Avenue, tenants will be within walking distance to Aldi, Baba's Hummus House, French Meadow Cafe, Wedge Co-op, Leaning Tower of Pizza and many others.
The property includes an 8-space parking lot, an attractive feature for tenants in the relatively dense urban setting. Major capital improvements include a Duro-last roof from approximately 10 years ago and windows from approximately 10 years ago. With average rents at $967, the opportunity blends consistent cash for the owner and affordability/convenience for the tenant. Rental demand is predicted to increase over the next couple years ensuring this property remains highly occupied. This professionally run property has excellent current and historical occupancy.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building,Fixture/Equipment,Land,Leases,Rental License
Exterior
Parking Features Paved
Utilities Available Electric Separate,Heating Common,Hot Water Common
Building
Foundation 2900
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Stucco
Schools
School District Minneapolis