401 University Avenue , Minneapolis, MN 55414
Minneapolis, MN 55414
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.
Details
| MLS# | 6634669 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2018 |
| Days On Site | 49 |
| Listing Provided By | Stepping Stone Brokers LLC | Ross G Lumley |
Features
| SQ Feet | 32,512 |
|---|---|
| Garage | 18 |
| Basement | Y |
| Units | 43 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.25 |
Market Activity 55414
Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55414 |
| Area | Marcy Holmes |
| Community Name | Saint Anthony Falls |
| School District | 1 |
| Listing VS Median (in Saint Anthony Falls) | |
Price: $8,200,000 low | high Med: $4,450,000 SqFt: 32,512 low | high Med: 18,030 $ / SqFt: $252 low | high Med: $225 On Site: 49 low | high Med: 29.500000 | |