$4,400,000
Morris, MN 56267
MLS# 7139837
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Property Description
Nature's Edge Apartments offers the opportunity to acquire an 88-unit market-rate multifamily community in Morris, Minnesota, approximately two miles from the University of Minnesota Morris. The five-building property is situated on approximately 6.27 acres and was substantially renovated in 2002. The unit mix includes 64 one-bedroom, 16 two-bedroom, and 8 three-bedroom apartments. Property amenities include laundry facilities in each building, a fitness center, community space, playground, green space, and surface parking. Potential value-add opportunities include rental of the office apartment, improvements or alternative use of community space, parking enhancements, potential garage development, and a conceptual land split.
Details
Maps
Contract Information
Status: Active
Current Price: $4,400,000
Contingency: None
ListPrice: 4400000
List Date: 2026-09-06
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 130
Waterfront YN: No
Year Built: 1970
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 28831
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 6.27
Lot Dimensions: 540x600
Assessment Pending: Unknown
Additional Parcels Information
Property ID #2: 201183000
Property ID #3: 201647002,201654001
Assessments
Assessment Balance: 340
Tax With Assessments: 7096
Building Information
Building Finished SqFt: 57662
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 30x40
Garage Square Feet: 1200
Sale Options
Sale Includes: Building, Fixture/Equipment, Land, Leases
Unit 1
No. of 1 Bedroom Units: 64
Unit Details
Total Units: 88
Income and Expenses
Annual Gross Expenses: 481765
Annual Gross Income: 910920
Annual Net Income: 429155
Unit 2
No. of 2 Bedroom Units: 16
Unit 3
No. of 3 Bedroom Units: 8
Location Tax and Other Information
House Number: 151
Street Name: Sunnyslope RD
Postal City: Morris
County: Stevens
State: MN
Zip Code: 56267
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned; Other
CMU Style: Low Rise
Construction Status: Previously Owned
Current Use: Residential
Exterior: Steel Siding
Foundation: Concrete Block; Other
Fuel: Natural Gas
Heating: Hot Water
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot
Pool Description: None
Roof: Rubber
Sewer: City Sewer/Connected
Shared Rooms: Community Room; Exercise Room
Stories: Two
Water: City Water/Connected
Listing Office: Granite City Real Estate
Last Updated: September - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
