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Cardinal Pines

Cardinal Pines

1720 Airport Rd  /

Property Details

Price:
Property Type Multifamily
Year Built: 2019
Number of Units: 68
County: Wadena

Description

Michel Commercial is pleased to present Cardinal Pines a 68-home located in Staples, MN, a small, quiet community. Delivered in 2019 and constructed by Alliance Building Corporation, this property showcases high-quality construction, modern design, and connectivity to larger cities. Cardinal Pines in Staples, MN, offers modern, luxury living across one-, two-, and three-bedroom floor plans. The community features contemporary amenities including in-unit washer/dryer and private patios/balconies. Residents also enjoy a fitness center, garages, and community room. Cardinal Pines provides a comfortable and convenient living experience in Staples. Cardinal Pines presents a turnkey investment opportunity with a proven track record of high occupancy rates and solid inplace income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.

Location

Positioned just off U.S. Highway 10 and near an Amtrak station, the property offers excellent connectivity to surrounding cities including Wadena and Brainerd. Residents also enjoy nearby access to walking and biking trails, parks, and local schools.

Highlights

Strong Historical Occupancy
Cardinal Pines enjoys historically strong occupancy levels, bolstered by Staples’ steady demand for affordable housing and proximity to technical education centers. Long-term tenants appreciate the quiet setting and small-town feel, creating operational consistency for ownership.

Excellent Connectivity
Positioned along Highway 10 and near an Amtrak station, the property offers convenient access to nearby cities like Brainerd and Wadena. The Legacy Trail and proximity to Central Lakes College make it easy for residents to stay mobile, educated, and connected.

Thriving Community Atmosphere
Nestled in a peaceful, residential neighborhood, surrounded by green space and near Dower Lake Recreation Area, Cardinal Pines provides residents with direct access to outdoor recreation. Local events, family-friendly parks, and nearby schools support a strong sense of community and long-term residency.

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