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Nature's Edge Apartments 151 Sunnyslope Rd 88 Unit Apartment Building $4,400,000 ($50,000/Unit) 9.75% Cap Rate Morris, MN 56267
Investment Highlights
- Established 88-Unit Multifamily Community with Strong Current Occupancy
Executive Summary
Nature's Edge Apartments presents the opportunity to acquire an 88-unit market-rate multifamily community in Morris, Minnesota. The five-building property was substantially renovated in 2002 and offers a mix of one-, two-, and three-bedroom apartments.
The property was 98.9% occupied as of September 1, 2026. Corporate leasing began with Fresha in 2021 and expanded from 29 to 49 units after Golden Eagle acquired Fresha's business in 2026. The current one-year term runs May 1, 2026-April 30, 2027, with six months' notice required. Residents benefit from laundry in each building, a fitness center, community space, playground, green space, and surface parking.
$4,400,000 asking price
88 market-rate apartments
98.9% occupied as of September 1, 2026
49-unit corporate master lease
$50,000 asking price per unit
64 one-bedroom, 16 two-bedroom, and 8 three-bedroom units
Five buildings on approximately 6.27 acres
Substantially renovated in 2002
Approximately two miles from the University of Minnesota Morris
Value-add potential: Office apartment rental; community-space improvements or conversion
Value-add potential: Parking improvements, potential garages, and conceptual land split
The property was 98.9% occupied as of September 1, 2026. Corporate leasing began with Fresha in 2021 and expanded from 29 to 49 units after Golden Eagle acquired Fresha's business in 2026. The current one-year term runs May 1, 2026-April 30, 2027, with six months' notice required. Residents benefit from laundry in each building, a fitness center, community space, playground, green space, and surface parking.
$4,400,000 asking price
88 market-rate apartments
98.9% occupied as of September 1, 2026
49-unit corporate master lease
$50,000 asking price per unit
64 one-bedroom, 16 two-bedroom, and 8 three-bedroom units
Five buildings on approximately 6.27 acres
Substantially renovated in 2002
Approximately two miles from the University of Minnesota Morris
Value-add potential: Office apartment rental; community-space improvements or conversion
Value-add potential: Parking improvements, potential garages, and conceptual land split
Property Facts
| Price | $4,400,000 | Apartment Style | Garden |
| Price Per Unit | $50,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 6.27 AC |
| Cap Rate | 9.75% | Building Size | 57,662 SF |
| No. Units | 88 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2002 |
| Price | $4,400,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Cap Rate | 9.75% |
| 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/Renovated | 1970/2002 |
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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Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,505,800 | |
| Land Assessment | $131,800 | Total Assessment | $1,637,600 |
Property Taxes
Parcel Numbers
Land Assessment
$131,800
Improvements Assessment
$1,505,800
Total Assessment
$1,637,600
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