Property Details for 151 Sunnyslope Rd

Year built

1970

Lot size

6.27 lot acres

Property type

Apartment buildings

Description

This exceptional 88-unit multifamily property, situated on 6.27 acres in Morris, Minnesota, presents a compelling investment opportunity. Built in 1970 and comprised of five two-story buildings, this well-maintained complex offers a desirable mix of 64 one-bedroom, 16 two-bedroom, and 8 three-bedroom units. Eighty units are currently enrolled in the Section 8 Project Based Low/Moderate Income Housing program, with the current contract extending until July 31, 2025 (initial date August 1, 2014). Conveniently located near the University of Minnesota-Morris campus, approximately 150 miles northwest of Minneapolis and 95 miles west of St. Cloud, the property boasts numerous amenities including a community room, fitness center, on-site laundry facilities, playgrounds, a picnic/barbecue area, and air conditioning sleeves in each unit. A detached garage provides storage for equipment. The property is zoned RM and benefits from professional management and on-site office for tenant convenience. This turnkey investment offers efficient floor plans and strong potential for continued success within the established Morris community. The property's location and existing Section 8 contract provide a stable income stream and attractive return on investment.

Location Insight

City

Morris

County

Stevens

State

Minnesota

Longitude

-95.9303

Latitude

45.5898