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2322 Garfield Ave, Minneapolis, MN, 55405

8beds
4baths
4,973sqft
$960,000
$193price/sqft
$7,407/moest. monthly cost
$296,280/yrincome needed

About This Home

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!

Getting Around

91
WalkingWalker's Paradise
61
TransitGood Transit
95
BikeBiker's Paradise

Schools

2/10
Whittier InternationalGrades PK-50.3 mi
--
Andersen CommunityGrades PK-81.5 mi
6/10
South Senior High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1912

Materials

  • Roof: Flat,Rubber

Type & Style

  • Home type: MultiFamily
  • Property subType: Fourplex

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Finished area below ground: 0
  • Finished area above ground: 4,973

Heating

  • Heating features: Hot Water

Interior Area

  • Total structure area: 4,973
  • Total interior livable area: 4,973 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3402924220190
  • Zoning description: Residential-Multi-Family
  • Foundation area: 4973

Features

  • Levels: Two
  • Fencing: None

Lot

  • Lot size: 8,276 sqft
  • Features: Corner Lot
  • Lot size dimensions: 70.17 x 118.6

Parking

  • Parking features: Paved Lot