$885,000
$990,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
2322 Garfield AVE Minneapolis, MN 55405
4,973 SqFt
Key Details
Sold Price $885,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,973 sqft
Price per Sqft $177
Subdivision Badger & Penneys 2Nd Add
MLS Listing ID 6136355
Sold Date 07/07/22
Year Built 1912
Annual Tax Amount $12,652
Tax Year 2021
Contingent None
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 70.17 X 118.6
Property Description
Back on the market due to buyers inability to acquire financing. This is a portfolio builder with all 4 UNITS being completely renovated from top to bottom. Units are 2 bed, 1 bath and a den that is used a non conforming bedroom. Each unit is approximately 1,100 square footage. The units consists of updated kitchens with new cabinets and countertops, subway tile backsplash and stainless steel appliances. There is still a ton of opportunity to build equity because the property is zoned R6 and was originally designed to be a 6 unit apartment. Two additional 2 bedroom units are ready to be added to the basement. Plus the ability to add a coin op laundry for additional income!!!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Unfinished
Interior
Heating Hot Water
Fireplace No
Exterior
Parking Features Paved
Fence None
Roof Type Flat,Rubber
Building
Lot Description Corner Lot
Story Two
Foundation 4973
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone
New Construction false
Schools
School District Minneapolis
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