- Price$7,999,999
- Parking18
- Built2018
- Taxes$116,639
-
Est Monthly Payment $50,173Mortgage
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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.