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+16052548886
HomeSmart Sapphire Realty
2317 Garfield Avenue, Minneapolis, MN 55405
- $396,000
- 4
- BD
- 2
- BA
- 2,598
- SqFt
- List Price
- $396,000
- MLS#
- 7136071
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Triplex
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,598
- Acres
- 0.12
- Subdivision
- Badger & Penneys 2nd Add
- Neighborhood
- 84
- Year Built
- 1909
Property Description
UPTOWN TRIPLEX, Seller Financing with 10% Down @ only 5.9% on a CONTRACT for DEED - Looking for an investment property where the financing terms may be just as interesting as the property itself? 8.7% Cap & 19.3% CoC - 5+ Bedrooms, 3 Bathrooms, 3,056 SF - Available on a Contract for Deed at 5.9% with 10% Down, 7-Year Term with Option to Extend, $2,000 Monthly Payment (P&I) - Recent improvements: 2022 - Updated Kitchens, Bathrooms, Painting & Floors refinished , 2022 -Updated Electrical inside at installed 3 separate meters, 2022 - Updated Plumbing to Kitchens & Bathrooms, 2021 - Installed new Roof & Gutters, 2015 - Updated Hot Water Heater, 2006 - Modern Boiler that has been serviced regularly - Outside, there is a private fully fenced backyard, raised garden beds, fire pit, and 4 off-street parking spots - ARV = $525K to $575K+ Rent Potential: 1st Level = 2 Bed & 1 Bath - $1,650+ / Month - (Need to Add Walls and a Door) - or - Invest More and it could be a 3 Bed with Office & 2 Bath with Family Room in Lower Level - $2,150+ / month, 2nd Level = 2 Bed & 1 Bath - $1,700+ / Month, 3rd Level = 1 Bed & 1 Bath - $1,250+ / Month need to finish Kitchen and update the flooring - Laundry Income $50+ / Month = Total Gross Rent: $4,650+ - Location is less than 2 blocks to Bus line, SK Coffee, Learning Tower of Pizza, Wedge Coop, and only 5 blocks to Eat Street Restaurants - The opportunity isn’t just in what you buy, it’s in how you’re able to buy it that really counts - Come check it out, you will be glad you did ;-)
Additional Information
- School District
- Minneapolis
- Amenities Shared
- Common Garden, Lobby Entrance
- Tax Year
- 2026
- Fencing
- Privacy, Wood
- Fuel
- Electric, Natural Gas
- Lot Description
- Public Transit (w/in 6 blks), Tree Coverage - Light
- Sewer
- City Sewer/Connected
- Roof
- Age 8 Years or Less, Architectural Shingle, Asphalt, Pitched
- Shared Rooms
- Other
- Topography
- Level
- Heating
- Boiler, Radiator
- Water
- City Water/Connected
- Basement
- Full, Other, Shared Access, Storage Space, Unfinished
- Parking
- Asphalt, Parking Lot
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Listing courtesy of eXp Realty.
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