Nature's Edge Apartments | 105 Sunnyslope Rd
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Nature's Edge Apartments 105 Sunnyslope Rd
88 Unit Apartment Building $4,400,000 ($50,000/Unit) Morris, MN 56267
Investment Highlights
- 88 Unit Multifamily Investment Property
- 1-, 2-, and 3-Bedroom Units
Executive Summary
88-unit property with 80-units Section 8, Project Based Low/Moderate Income Housing in Morris, MN. Located near the University of Minnesota-Morris campus. Two (2) 32-unit 1 BR buildings, two (2) 8-unit 2 BR buildings, and one (1) 3 BR building. Community room and fitness center located in the 1 BR buildings. Detached garage for owner-owned equipment. HAP Contract expires 7/31/25 and Seller has opted to pull the property out of the Section 8 program effective of 7/1/25.
Property Facts
| Price | $4,400,000 | Building Class | C |
| Price Per Unit | $50,000 | Lot Size | 6.27 AC |
| Sale Type | Investment | Building Size | 57,662 SF |
| No. Units | 88 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Garden | Parking Ratio | 1.79/1,000 SF |
| Price | $4,400,000 |
| Price Per Unit | $50,000 |
| 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 | 98% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.79/1,000 SF |
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 | $1,381,900 | |
| Land Assessment | $131,800 | Total Assessment | $1,513,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$131,800
Improvements Assessment
$1,381,900
Total Assessment
$1,513,700
zoning
| Zoning Code | Residential |
| Residential |
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Nature's Edge Apartments | 105 Sunnyslope Rd
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