Nature's Edge Apartments

Property Flyer

Property Info:

Location:

Address: 150 Sunnyslope Road
Town/Suburb/City: Morris
State/County/Province: MN
Postal code/ZIP: 56267
View Map

Details:

Asking Price: $3,124,000.00

Contact:

Agent's Name: Steve Feneis
Phone Number: 320-420-2837
stevef@granitecityproperties.com

Property Description:

Investment Property

Nature’s Edge Apartments Morris is a Section 8 Based Project, located approximately 150 miles northwest of Minneapolis; 95 miles west of St. Cloud, Minnesota. The 88 unit property is extremely well maintained and professionally managed, as reflected in the 2016 REAC score of 89. Nature’s Edge Morris was built in 1968 and received recent property improvements. The property has an excellent unit mix consisting of 64 one bedroom apartment units, 16 two bedroom apartment units, and 8 three bedroom townhome units. The tenants benefit from a playground and unit features including a community room and air conditioning sleeves.

• Purchase will require new financing
• 90% Project-Based Section 8 rent subsidy contract
• Property amenities include playground and community center
• 2016 REAC Score: 89
• On site office
• Unit Mix: 64 one bedroom; 16 two bedroom; 8 three bedroom
• Ongoing property improvements

Property Flyer