MN > Minneapolis > Saint Anthony Falls
Minneapolis, MN 55414,401 University AVE SE
Minneapolis, MN 55414,401 University AVE SE
Minneapolis, MN 55414,401 University AVE SE
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$8,200,000
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0.25 Acres Lot
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401 University AVE SE Minneapolis, MN 55414

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Michael Quinones

Michael Quinones

+1(507) 990-7961

UPDATED:

12/09/2024 04:23 PM

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

Contingent None

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 66.00 x 165.00

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

Basement Concrete

Kitchen Prep Station, Refrigerator, Shelving and Racks, Ice Machine

Interior

Heating Forced Air

Cooling Wall Unit(s)

Inclusions Building, Land, Leases

Fireplace No

Appliance Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

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

Present Use Residential

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

Level or Stories Three Or More

Structure Type Aluminum Siding,Block,Metal Siding

Schools

School District Minneapolis

Listed by Ross Lumley • Stepping Stone Brokers LLC

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Michael Quinones

Agent | License ID: 40411540

+1(507) 990-7961

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401 University AVE SE