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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.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 401 University Avenue
City: Minneapolis
State: Minnesota
Postal Code: 55414
County: Hennepin
MLS Number: 6634669
Year Built: 2018
Courtesy of Stepping Stone Brokers LLC
City: Minneapolis
State: Minnesota
Postal Code: 55414
County: Hennepin
MLS Number: 6634669
Year Built: 2018
Courtesy of Stepping Stone Brokers LLC
Courtesy of Edina Realty, Inc.