About 401 University Avenue Se
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.
Features of 401 University Avenue Se
| MLS® # | 6634669 |
|---|---|
| Price | $8,200,000 |
| Bathrooms | 0.00 |
| Acres | 0.25 |
| Year Built | 2018 |
| Type | Commercial Sale |
| Sub-Type | Apartment,High Rise |
| Style | Apartment,High Rise |
| Status | Active |
Community Information
| Address | 401 University Avenue Se |
|---|---|
| Area | Marcy Holmes |
| Subdivision | Saint Anthony Falls |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55414 |
Amenities
| Amenities | Deck, Elevator(s), Fire Sprinkler System, Other, Patio |
|---|---|
| # of Garages | 18 |
| Garages | Assigned, Covered, Electric, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Parking Garage, Secured, Storage, Underground |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer |
|---|---|
| Heating | Forced Air |
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light |
|---|---|
| Roof | Age 8 Years or Less, Rubber |
| Construction | Aluminum Siding, Block, Metal Siding |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 53 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Stepping Stone Brokers LLC |
|---|