Courtesy: Granite City Real Estate
320-253-0003
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.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Morris is located in Minnesota. Morris, Minnesota has a population of 5,190. Morris is more family-centric than the surrounding county with 35.03% of the households containing married families with children. The county average for households married with children is 34.28%.
The median household income in Morris, Minnesota is $54,984. The median household income for the surrounding county is $65,750 compared to the national median of $69,021. The median age of people living in Morris is 31.6 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 1.5 degrees. The average rainfall is approximately 25.9 inches per year, with 43.8 inches of snow per year.
