Nature's Edge Apartments

Morris, Minnesota serves as the regional hub for Stevens County and supports a diverse employment base driven by education, healthcare, manufacturing, agriculture, and government services. Major employers include the University of Minnesota Morris, Superior Industries, Stevens Community Medical Center, Morris Area Schools, and regional agricultural operations. Nature’s Edge Apartments is located approximately two miles from the University of Minnesota Morris campus and provides convenient access to the area’s primary employers, retail services, and healthcare facilities. Morris is approximately 55 miles from Alexandria and 95 miles west of St. Cloud, serving as an important regional employment and service center for western Minnesota.Nature’s Edge Apartments is an 88-unit multifamily community located in Morris, Minnesota, offering investors immediate scale and strong in-place cash flow through a combination of traditional apartment leasing and existing corporate housing occupancy. The property consists of five low-rise apartment buildings situated across 6.27 acres and includes a mix of one-, two-, and three-bedroom units. Originally constructed in 1970 and substantially renovated in 2002, the property provides a significant value-add opportunity at an attractive basis. The property is currently 97.7% occupied, driven in part by an expanded corporate housing agreement with an existing tenant relationship following a company acquisition. This existing occupancy structure provides immediate income stability while also presenting future operational flexibility for investors pursuing traditional multifamily leasing, workforce housing, or continued corporate housing strategies. Offered at approximately $50,000 per unit, Nature’s Edge presents a rare opportunity to acquire a large-scale apartment community at a substantial discount to replacement cost. The community includes landlord-owned laundry facilities in each building, a community building with fitness center and office and significant green space throughout the site.