105 Sunnyslope Rd, Morris, MN 56267
MULTIFAMILY For SaleFloors: 2
| Space | Size | Type | Pricing |
|---|---|---|---|
| Nature's Edge Apartments | SALE | $4,400,000.00 |
Steven Feneis - SVN GC Real Estate
PHONE: 3204208237
PHONE: 3202573985
Tom Sanquist - SVN GC Real Estate
PHONE: 3202822042
PHONE: 3202573757
Property Details - Sale Price: $4,400,000 - Units / Type: 88 / Matket Rate - Lot Size: 6.27 Acres - Year Built / $1.1M Renovation: 1970 / 2002 - Building Size: 57,662 SF - Parking: 125 On-Site Surface Spaces Property Description 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 1 mile from the University of Minnesota–Morris. 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 an asset with potential operational upside for self-managing investors or experienced local operators. Location Description Morris, MN is a stable tertiary market with steady population growth and strong rental fundamentals. The city’s population is approximately 5,166, with a young median age of 31, driven by the University of Minnesota–Morris. Rising median household income and consistently low unemployment support rent affordability and payment reliability. The area benefits from: **A reliable tenant base **Limited multifamily supply **Consistent demand driven by healthcare, education, manufacturing, and agriculture **A high citizenship rate and low turnover, contributing to occupancy stability Morris, MN has a strong, diverse employment base that supports steady rental demand: **University of Minnesota–Morris (UMM): With 360+ staff and 1,900 students. A stable source of academic and administrative jobs. **Superior Industries, Inc.: Global manufacturer headquartered in Morris, employing around 1,600 people—Stevens County’s largest private employer. **Fresha Produce: A growing local agribusiness focused on carrot production, packaging, and distribution. **Stevens Community Medical Center & Morris Area Schools: Key employers in healthcare and education, offering long-term public-sector roles. **City of Morris / Local Government: Provides steady municipal and public-service employment. **Riverview, LLP: Large-scale agribusiness with dairy, beef, and crop operations supporting regional ag jobs. Highlights 88 Units across 5 Apartment Buildings Unit Mix: 64 One-Bedroom, 16 Two-Bedroom, 8 Three-Bedroom Apartments Dedicated Community Building with Fitness Center, Community Room, and On-Site Office Landlord-Owned Laundry Rooms in Each Building On-Site Surface Parking (125 Spaces) Kid’s Playground Area Air Conditioning Sleeves in Each Unit Detached Garage for Owner Equipment Storage Built in 1970; Renovated in 2002 with $1.1M in Capital Improvements Durable Wood-Frame Construction with Brick/Siding Exteriors Total Building Area: 57,662 SF on 6.27 Acres Utilities: Otter Tail Power and CenterPoint Natural Gas Broadband Cable Available Zoned RM – Multiple Family Residence Located Just Blocks from University of Minnesota–Morris Campus Strong Tenant Demand from Students, Faculty, and Local Workforce Population ~5,166 with a Young Median Age of 31 Median Household Income ~$63,800 and Low Unemployment (~3%) Limited Competing Multifamily Inventory in the Market Diverse Employer Base: UMM, Superior Industries, Fresha Produce, Riverview LLP, Stevens Community Medical Center, Morris Area Schools, and Local Government Ideal for Self-Managing or Local Operators