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Nature's Edge Apartments 105 Sunnyslope Rd 88 Unit Apartment Building $6,142,048 CAD ($69,796 CAD/Unit) Morris, MN 56267
INVESTMENT HIGHLIGHTS
- 88-UNIT MARKET-RATE ASSET NEAR UNIVERSITY OF MN MORRIS.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $6,142,048 CAD | Building Class | C |
| Price Per Unit | $69,796 CAD | Lot Size | 6.27 AC |
| Sale Type | Investment | Building Size | 57,662 SF |
| No. Units | 88 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Garden | Parking Ratio | 2.17/1,000 SF |
| Zoning | RM - Multiple Family Residence | ||
| Price | $6,142,048 CAD |
| Price Per Unit | $69,796 CAD |
| Sale Type | Investment |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.27 AC |
| Building Size | 57,662 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | RM - Multiple Family Residence |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- Fitness Center
- Picnic Area
- Playground
- Property Manager on Site
- Maintenance on site
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 64 | - | 462 |
| 2+1 | 16 | - | 618 |
| 3+1 | 8 | - | 920 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,105,876 CAD | |
| Land Assessment | $184,324 CAD | Total Assessment | $2,290,200 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$184,324 CAD
Improvements Assessment
$2,105,876 CAD
Total Assessment
$2,290,200 CAD
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Nature's Edge Apartments | 105 Sunnyslope Rd
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