401 University Ave SE | Minneapolis, MN 55414
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- LoopNet Team
401 University Ave SE
Minneapolis, MN 55414
Archer · Multifamily Property For Sale
·
43 Units
INVESTMENT HIGHLIGHTS
- The Archer is a Class A apartment community with best-in-class features and amenities, positioned as an ideal investment in the Minneapolis MSA.
- The property is walkable to popular dining options, including Glam Doll Donuts, HeadFlyer Brewing, Aster Café, Jefe Urban Cocina, and Alma.
- The community attracts tenants with an on-site fitness facility, community workspaces, free bike storage, and heated off-street parking.
- Placed just a few minutes from Dinkytown and the University of Minnesota, near quality retail amenities.
PROPERTY FACTS
| No. Units | 43 | Building Size | 35,512 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2018 |
| Building Class | A | Parking Ratio | 0.51/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | R5, UA - Multi-Family Residential | ||
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.25 AC |
| Building Size | 35,512 SF |
| Average Occupancy | 95% |
| No. Stories | 5 |
| Year Built | 2018 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | R5, UA - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Deck
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- Fitness Center
- Grill
- Package Service
- Lounge
- Roommate Matching
- Study Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 39 | - | 480 - 778 |
| Studios | 4 | - | 393 |
PROPERTY TAXES
| Parcel Number | 23-029-24-14-0086 | Improvements Assessment | $6,337,800 |
| Land Assessment | $381,200 | Total Assessment | $6,719,000 |
PROPERTY TAXES
Parcel Number
23-029-24-14-0086
Land Assessment
$381,200
Improvements Assessment
$6,337,800
Total Assessment
$6,719,000
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