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401 University SE Avenue, Minneapolis, MN 55414

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Listing Type
Commercial/Industrial
Listing Status
active
23
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Transportation
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$8,200,000

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Home Details for 401 University SE Avenue
Price
$8,200,000
Type
Commercial/Industrial
Year Build
2018
Lot Size
0.25
County
Hennepin
Garage
18
Basement
Concrete
Tax
$116,639
MLS®️ Listing#
6634669
On exitrealty.com
31 days
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.
Property Features
Listing courtesy: Stepping Stone Brokers LLC - 612-500-6223
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EXIT REALTY METRO
7455 France Ave S. #154, Edina, MN 55435
Licensed in the state of Minnesota
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$8,200,000

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EXIT REALTY METRO
7455 France Ave S. #154, Edina, MN 55435
Licensed in the state of Minnesota
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