401 University AVE SE Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55414
Key Details
Property Type Condo, Commercial
Sub Type Apartment,High Rise
Listing Status Active
Purchase Type For Sale
Subdivision Saint Anthony Falls
MLS Listing ID 6634669
Year Built 2018
Annual Tax Amount $116,639
Tax Year 2024
Lot Size 10,890 Sqft
Property 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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Family Room Amusement/Party Room,Community Room,Exercise Room,Media Room,Other
Kitchen Prep Station,Refrigerator,Shelving and Racks,Ice Machine
Interior
Heating Forced Air
Cooling Wall Unit(s)
Inclusions Building,Land,Leases
Exterior
Parking Features Assigned,Covered,Electric,Floor Drain,Garage Door Opener,Heated Garage,Insulated Garage,Parking Garage,Secured,Storage,Underground
Garage Spaces 18.0
Utilities Available Electric Common,Electric Separate,Heating Common,Heating Separate,Hot Water Common,Hot Water Separate
Roof Type Age 8 Years or Less,Rubber
Building
Lot Description Public Transit (w/in 6 blks),Corner Lot,Tree Coverage - Light
Story Three Or More
Foundation 7378
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Aluminum Siding,Block,Metal Siding
Schools
School District Minneapolis