Come see this fully stabilized 7-unit property in a great location in SE Minneapolis. Every unit in this building has been rehabbed within the last few years. Solid rents in place, but there is definitely room for rent bumps. This property's proximity to the U of M campus and downtown gives it a strong student rental base. The back parking lot has recently been redone to add extra parking spaces for tenants. Come and drive by the property! It sits in a quiet neighborhood while still being just blocks away from some of Minneapolis's best restaurants.
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.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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The median home value in Minneapolis, MN is $294,200. This is lower than the county median home value of $342,800. The national median home value is $338,100. The average price of homes sold in Minneapolis, MN is $294,200. Approximately 45.07% of Minneapolis homes are owned, compared to 48.7% rented, while 6.23% are vacant. Minneapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Minneapolis real estate agent to arrange a tour today!
Minneapolis, Minnesota 55414 has a population of 425,091. Minneapolis 55414 is less family-centric than the surrounding county with 26.08% of the households containing married families with children. The county average for households married with children is 33.3%.
The median household income in Minneapolis, Minnesota 55414 is $70,099. The median household income for the surrounding county is $85,438 compared to the national median of $69,021. The median age of people living in Minneapolis 55414 is 32.7 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 31.9 inches per year, with 52.4 inches of snow per year.