Property Listing
Description
Archer Apartments is an upscale, modern 43-unit residential apartment building close to the UofM campus, downtown Minneapolis, and the popular St. Anthony Main neighborhood. This rare opportunity to bolster any residential and/or commercial portfolio with a turn-key property does not hit the market often. Operating as a fully residential community under professional management, Archer has achieved consistent occupancy performance of 95%+ since it's completion in 2018. Features and amenities include (39) 1-bedroom units, (4) studio units, (18) parking spots in heated first floor garage, a gym, a secure bike storage room, multiple shared community room spaces including a rooftop deck with built-in grill, an Amazon package locker and modern mail box system, elevator, and Butterfly entry technology system. As an A-Class property situated on a corner lot in NE Minneapolis, Archer is sure to impress investors and tenants alike with full kitchen suites, garbage disposals, and in-unit laundry for each apartment. Buyer and Buyer's agent to verify all measurements.
Property Information
Status: Active
Sub Type: ********
List Price: $8,200,000
MLS#: 6634669
Current Price: $8,200,000
Address: 401 University Avenue SE, Minneapolis, MN 55414
City: Minneapolis
State: MN
Postal Code: 55414
Geo Lat: 44.985322
Geo Lon: -93.250191
Subdivision: Saint Anthony Falls
County: Hennepin
Property Description
Year Built: 2018
Lot Size SqFt: 10890
Gen Tax: 116639
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: ********
Style: ********
Total Bedrooms: 39
Total Bathrooms: 43
Total Full Baths: ********
Garage Type:
Garage Stalls: 18
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: Building, Land, Leases
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: