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401 University SE Avenue, Minneapolis, MN 55414
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$8,200,000
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Property Details for 401 University SE Avenue
Price
$8,200,000
Type
commercial/industrial
Year Build
2018
County
Hennepin
Garage
18
Basement
Concrete
Tax
$116,639
MLS®️ Listing#
6634669
On exitrealty.com
11 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.
- Utilities
- Electric Common
- Electric Separate
- Heating Common
- Heating Separate
- Hot Water Common
- Hot Water Separate
- Cooling Information
- Wall Unit(s)
- Heating Information
- Forced Air
- Water Features
- City Water/Connected
- Basement
- Concrete
Listing courtesy: Stepping Stone Brokers LLC - 612-500-6223
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Some or all of the property listings above may have been submitted to the NorthStar MLS by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. EXIT Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of EXIT Realty, a broker Participant of the NorthStar MLS, Inc.. Information Deemed Reliable But Not Guaranteed. © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Digital Millennium Copyright Act (DMCA) Notices: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to: Michael Bisping, Director of Customer Relations at Regional Multiple Listing Service of Minnesota, Inc., 2550 University Avenue West, Suite 259S, Saint Paul, MN 55114 or by email to mbisping@northstarmls.com.
Some or all of the property listings above may have been submitted to the NorthStar MLS by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. EXIT Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of EXIT Realty, a broker Participant of the NorthStar MLS, Inc.. Information Deemed Reliable But Not Guaranteed. © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Digital Millennium Copyright Act (DMCA) Notices: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to: Michael Bisping, Director of Customer Relations at Regional Multiple Listing Service of Minnesota, Inc., 2550 University Avenue West, Suite 259S, Saint Paul, MN 55114 or by email to mbisping@northstarmls.com.
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$8,200,000
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