Your search results

Sandwood Apartments and Stratford Square

825 Driftwood DR St. Cloud / Minnesota

Sandwood Apartments - Stratford Square Cover

Property Details

Price:

Property Type Multifamily

Total Lot Size: 2.66

Number of Units: 57

County: Stearns

Description

Michel Commercial is pleased to present Stratford Square & Sandwood Apartments, two apartment properties, totaling 57-homes in St. Cloud, Minnesota. These properties can be sold together or individually. Stratford Square is a 21-home community built in 1992 featuring spacious layouts and open-concept kitchens. Sandwood Apartments is a 36-home, two-building community built in 1978 and situated on a quiet cul-de-sac, with private balconies in select homes. Both properties offer garages, on-site laundry, and benefit from recent capital improvements.

Location

Both Stratford Square and Sandwood Apartments are located in St. Cloud, Minnesota, minutes from Crossroads Center, Costco, Target, Walmart, and other major retail and services, with convenient access to Highway 15, MN-23, and I-94. Stratford Square sits in the heart of St. Cloud's primary retail and commercial corridor, while Sandwood is located in south St. Cloud. Major area employers, including CentraCare Health, St. Cloud State University, the St. Cloud VA Health Care System, New Flyer, and Anderson Trucking Service (ATS), support a stable renter base.

Highlights

Strong Performance & Rent Growth Opportunity
Both Stratford Square and Sandwood Apartments have maintained strong historical and current occupancy, demonstrating consistent renter demand and providing the next owner an opportunity to continue growing rents. With limited new apartment construction planned in St. Cloud, the properties are well positioned to benefit from a constrained supply environment.

Consistent Capital Investment
Both properties have benefited from consistent re-investment. At Stratford Square, improvements include a full roof replacement, vinyl window replacement, a recent interior paint refresh, updated building systems, a new water heater in 2023, a new boiler in 2024, and PVC plumbing throughout.

At Sandwood, ownership has made targeted investments including roof replacement on the 825 building and both garage structures, new balcony decking, replaced hallway carpet, fiber internet to each building, solar panels, updated water heaters and garage doors.

Register

Reset Password

Sandwood Apartments and Stratford Square