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Sunset Ridge Apartments

Sunset Ridge Apartments

2387-2467 Pioneer Rd  /

Property Details

Price:
Property Type Multifamily
Total Lot Size: 9.49 Acres
Year Built: 2015
Number of Units: 105
County: Otter Tail

Description

Michel Commercial is pleased to present the Sunset Ridge Apartments, a 105-home apartment complex located in Fergus Falls, Minnesota. Built in 2015, Sunset Ridge was developed by the highly regarded Kuepers Architects & Builders, and has a desirable mix of one- and two-bedroom homes with open concept living rooms, attractive cabinetry, dishwashers, individual climate control, and detached garages. Community amenities include a fitness room, a community room, an outdoor grilling station, a play area for children, and laundry facilities. Sunset Ridge is located in Fergus Falls, a community known for its scenic beauty and green spaces. Sunset Ridge is just five minutes from the nearest Walmart and less than four miles from the city’s reputable elementary, middle, and high schools. The property is less than ten minutes from central Fergus Falls, including shopping, dining, the library, an award-winning hospital, and several riverfront parks, and less than fifteen minutes from Pebble Beach and the northern terminus of the 55-mile Central Lakes Trail. Residents enjoy easy access to Interstate 94 and Minnesota State Highway 210. Sunset Ridge Apartments is a turn-key investment opportunity in a community with stable rental demand. The property has a high occupancy rate, offering robust in-place income. With its desirable amenities, convenient location, and easy access to incredible green spaces, Sunset Ridge Apartments presents an appealing investment opportunity and provides residents with a place they can proudly call “home.”

Location

Fergus Falls is situated along the Otter Tail River in west-central Minnesota. It is known for its scenic beauty, with numerous lakes and rolling hills in the surrounding area. Here are more highlights about the city of Fergus Falls: Natural Beauty and Outdoor Adventure Nestled in Otter Tail County, the city boasts picturesque landscapes dotted with lakes, parks, and scenic trails. Outdoor enthusiasts can indulge in fishing, boating, hiking, and bird watching year-round. The Central Lakes Trail beckons cyclists and hikers with its scenic routes and natural charm, making Fergus Falls a haven for nature lovers. Education Excellence Fergus Falls provides excellent educational opportunities with reputable public schools and a supportive learning environment. Students benefit from diverse extracurricular activities and dedicated educators. Healthcare Accessibility Additionally, the town boasts comprehensive healthcare facilities, including Lake Region Healthcare, ensuring residents have access to top-notch medical services and wellness programs. Economic Opportunities Fergus Falls offers a diverse economic landscape with opportunities in healthcare, education, retail, and manufacturing. The town supports local businesses and encourages entrepreneurial growth, fostering economic stability and job opportunities. Cultural Riches and Historical Charm The town features cultural venues like A Center for the Arts and the Kaddatz Galleries, showcasing local talent and hosting engaging performances and exhibitions. History enthusiasts can explore the Otter Tail County Historical Society and other historical landmarks, preserving the area’s heritage through interactive exhibits and educational programs. Fergus Falls, MN, stands out as a picturesque and thriving community, offering a blend of natural beauty, cultural richness, economic vitality, and a welcoming community spirit. These qualities make it an ideal place to live, work, and explore in west-central Minnesota.

Highlights

Strong Property Performance
Sunset Ridge demonstrates remarkable performance with over 95% occupancy, reflecting its strong demand and exceptional management. Additionally, the property’s income has continued to grow by over 3+ year-over-year.

Thriving Recreational Community
Fergus Falls is a vibrant community surrounded by natural beauty with numerous lakes and parks, including the renowned Otter Tail River, perfect for fishing, boating, and wildlife observation.

Dynamic Economy
Fergus Falls boasts a robust economy supported by diverse businesses and major employers, including healthcare, manufacturing, and education sectors, with significant contributions from Lake Region
Healthcare, Otter Tail Corporation, and the Fergus Falls Public Schools.

Strategic Location
Fergus Falls is strategically located near major highways such as interstate 94 and U.S. Highway 59, providing excellent connectivity for businesses and residents alike.

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