401 UNIVERSITY AVENUE
401 University Avenue, Minneapolis, 55414, MN
-
Price: $8,000,000
-
Status type: For Sale
-
City: Minneapolis
-
Neighborhood: Marcy Holmes
Bedrooms: 0
Property Size :0
-
Listing Agent: NST1000137,NST75329
-
Property type : Apartment,High Rise
-
Zip code: 55414
-
Street: 401 University Avenue
-
Street: 401 University Avenue
Bathrooms: N/A
Year: 2018
Listing Brokerage: Stepping Stone Brokers LLC
FEATURES
- Range
- Refrigerator
- Washer
- Dryer
- Microwave
- Exhaust Fan
- Dishwasher
- Disposal
- Freezer
- Gas Water Heater
- Stainless Steel Appliances
DETAILS
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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
-
Basement Details: Concrete,
Appliances Included:
-
- Range
- Refrigerator
- Washer
- Dryer
- Microwave
- Exhaust Fan
- Dishwasher
- Disposal
- Freezer
- Gas Water Heater
- Stainless Steel Appliances
EXTERIOR
Air Conditioning: Wall Unit(s)
Garage Spaces: 18
Construction Materials: N/A
Foundation Size: 7378ft²
Unit Amenities:
-
- Hardwood Floors
- Balcony
- Ceiling Fan(s)
- Walk-In Closet
- Washer/Dryer Hookup
- Security System
- Exercise Room
- Indoor Sprinklers
- Cable
- Kitchen Center Island
- City View
- Security Lights
- Main Floor Primary Bedroom
- Primary Bedroom Walk-In Closet
Heating System:
-
- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 66.00 x 165.00
Longitude: 44.9853
Latitude: -93.2502
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $116,639
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7677828
Listing Brokerage: Stepping Stone Brokers LLC
ID: 3484234
Published: November 25, 2024
Last Update: November 25, 2024
Views: 13
