Listing Courtesy of: Ross Lumley - Stepping Stone Brokers Llc
$8,200,000
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401 University Avenue SE Minneapolis, MN 55414
Apartment
Residence
Beds
Baths
...
Bed/Bath
32,512
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
6634669
Property Type
Apartment
Year Built
2018
Square Feet
32,512
sq. ft
Lot Size
0.25
Sewer
City Sewer
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