• Price$7,999,999
  • Parking18
  • Built2018
  • Taxes$116,639
  • Est Monthly Payment $50,173
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401 University Avenue Se, Minneapolis

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.

Essential Information

  • MLS® #6634669
  • Price$7,999,999
  • Bathrooms0.00
  • Year Built2018
  • TypeCommercial Sale
  • Sub-TypeApartment,High Rise
  • StyleApartment,High Rise
  • StatusActive
  • Taxes$116,639

Amenities

  • AmenitiesDeck, Elevator(s), Fire Sprinkler System, Other, Patio
  • # of Garages18
  • GaragesAssigned, Covered, Electric, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Parking Garage, Secured, Storage, Underground

Exterior

  • Lot DescriptionPublic Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
  • RoofAge 8 Years or Less, Rubber
  • ConstructionAluminum Siding, Block, Metal Siding

Additional Information

  • Days on Market83
  • ZoningResidential-Multi-Family

Community Information

  • Address401 University Avenue Se
  • AreaMarcy Holmes
  • SubdivisionSaint Anthony Falls
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55414

Interior

  • AppliancesDishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • HeatingForced Air
  • CoolingWall Unit(s)

School Information

  • DistrictMinneapolis

Listing Details

  • Listing OfficeStepping Stone Brokers LLC

MLS #6634669 is a Commercial Sale listing, located at 401 University Avenue Se in Minneapolis, MN.

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