105 Sunnyslope Rd - Apartments FOR SALE


Morris, MN 56267
$4,400,000 USD
320-202-8000
105 Sunnyslope Rd, Morris, MN for Sale
$4,400,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

105 Sunnyslope Rd
Morris, MN 56267


HIGHLIGHTS

  • 88-UNIT MARKET-RATE ASSET NEAR UNIVERSITY OF MN MORRIS.

OVERVIEW

Nature’s Edge Apartments is a well-maintained, 88-unit multifamily community located in Morris, Minnesota. Spread across five low-rise apartment buildings and situated on 6.27 acres, the property offers a strong unit mix and reliable rental demand—making it an attractive investment opportunity in a stable tertiary market. Built in 1970 and renovated in 2002, the buildings feature wood-frame construction with brick and siding exteriors, totaling 57,662 square feet. Including a fitness center, community room, and on-site office. The unit mix includes: (2) 32-unit buildings of 1-bedroom apartments (2) 8-unit buildings of 2-bedroom apartments (1) 8-unit building of 3-bedroom apartments Each apartment building includes landlord-owned laundry rooms, and a total of 125 surface parking spaces, a children’s playground, and wall air conditioning sleeves in each unit. The property is serviced by Otter Tail Power Company and CenterPoint Energy Natural Gas, with cable broadband available. Located at 151 Sunnyslope Road, Nature’s Edge is just blocks from the University of Minnesota–Morris, offering a consistent tenant base of students, faculty, and local professionals. Morris is the county seat of Stevens County and serves as a regional hub for education, healthcare, and agriculture. The property is approximately 150 miles northwest of Minneapolis and 95 miles west of St. Cloud, placing it in a quiet yet accessible market with limited competing multifamily inventory. This offering presents an opportunity to acquire a professionally managed asset with potential operational upside for self-managing investors or experienced local operators.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

88

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nature's Edge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

125

LAND DETAILS

LAND ACRES

6.27 AC

LAND SF

273,121 SF

ZONING

RM

APN/PARCEL ID

20-0048-000,20-1183-000,20-1647-002,20-1654-001

ASK ABOUT THIS PROPERTY

Steve FeneisSVN | GC Real EstateMore Info
320-202-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steve FeneisSVN | GC Real EstateMore Info
320-202-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.