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Morris Portfolio

7 Breezy Ln Morris / Minnesota

Property Details

Price:

Property Type Multifamily

Total Lot Size: 3.21

Number of Units: 38

County: Stevens

Description

Michel Commercial is pleased to present the Morris Portfolio, a 38-home collection of four apartment buildings in Morris, Minnesota. Thirty-six of the 38 homes are in three buildings constructed between 2018 and 2020: The Pines (16 homes, 2019), The Oaks (16 homes, 2020), and The Quads (4 homes, 2018). The portfolio is rounded out by The Homestead, a two-unit property on Imperial Drive with an attached two-car garage. Together the buildings total more than 32,000 square feet, a rare combination of modern product and scale in a small-market setting.

Location

The portfolio is located in Morris, home to the University of Minnesota Morris, a public liberal arts college enrolling roughly 1,000 students, and just minutes from campus. Residents are also close to Stevens Community Medical Center, Morris Area Schools, and Atlantic Avenue's shopping and dining, with U.S. Highway 59 and State Highways 9 and 28 providing access throughout westcentral Minnesota.

Highlights

CONVENIENT LAYOUTS AND SHARED AMENITIES
Laundry is a standout feature across the portfolio. All 16 homes in The Oaks and both homes in The Homestead have in-unit laundry, while The Pines and The Quads offer on-site common-area laundry on every floor. The Pines, The Oaks, and The Quads sit together on Breezy Lane and share a 53-space asphalt parking lot, and The Pines and The Oaks share a single 1.13-acre parcel, creating an efficient, easy-to-manage campus.

SCALE AND DIVERSIFICATION IN A SUPPLY-CONSTRAINED MARKET
Offered together, the portfolio gives investors an opportunity to acquire 38 homes in a single transaction and operate them from one location in Morris, a market with limited new multifamily supply. The mix of larger buildings and smaller properties adds diversification, while the newer vintage of the core buildings supports durable, low-maintenance operations.

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Morris Portfolio