Property for Sale in Minneapolis
401 University SE Avenue
Minneapolis, MN 55414
Property Details
Year Built
2018
Square Feet
32,512
Parking Features
Assigned,Covered,Electric,Floor Drain,Garage Door Opener,Heated Garage,Insulated Garage,Parking Garage,Secured,Storage,Underg
Zoning
Residential-Multi-Family
2024 Property Taxes
$116,639
School District
Minneapolis
County
Hennepin
Archer Apartments is an upscale, modern 43-unit residential apartment building close to the Uof M 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.
Features
Utilities
Electric Common,Electric Separate,Heating Common,Heating Separate,Hot Water Common,Hot Water Separate
Cooling
Wall Unit(s)
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Additional Info
Includes
Dishwasher,Disposal,Dryer,Exhaust Fan,Freezer,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer
Listed By
Ross Lumley of Stepping Stone Brokers LLC
Listed
11/25/24 and last updated 05/12/25

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