151 Sunnyslope RD, Morris, MN 56267

$4,400,000

Property Type: Commercial Lot Size (sq. ft.): 273,121 Status: Active

Current Price: $4,400,000 List Date: 9/06/2026 Last Modified: 9/06/2026

Overview

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.

Listing Details MLS# 7139837

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

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

Contract Information

Contingency: None
ListPrice: 4400000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 151
Street Name: Sunnyslope RD
Postal City: Morris
County: Stevens
State: MN
Zip Code: 56267

Additional Parcels Information

Property ID #2: 201183000
Property ID #3: 201647002,201654001

Assessments

Assessment Balance: 340
Tax With Assessments: 7096

More Information

Building Information

Building Finished SqFt: 57662

Income and Expenses

Annual Gross Expenses: 481765
Annual Gross Income: 910920
Annual Net Income: 429155

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 2

No. of 2 Bedroom Units: 16

Unit 3

No. of 3 Bedroom Units: 8

Unit Details

Total Units: 88

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.

151 Sunnyslope RD, Morris, MN 56267 (MLS# 7139837)