Your search results

Clifton Apartments

1999 Hartle Ave Owatonna / Minnesota

Property Details

Price:

Property Type Multifamily

Total Lot Size: 2.32

Number of Units: 48

County: Steele

Description

Michel Commercial is pleased to present the Clifton Apartments, a 48-home community across three properties, located in Owatonna, MN. Clifton Apartments is a well-kept, community situated in a quiet residential area. The properties feature one- and two-bedroom homes with functional layouts with garages and off-street parking. Clifton Apartments offers a compelling investment opportunity backed by strong occupancy and stable in-place cash flow. With durable neighborhood appeal the property is well positioned as a stable, income-producing asset with long-term upside.

Location

The Clifton Apartments in Owatonna, MN is located in a convenient residential area with easy access to many of the city’s key amenities. It is just minutes from Interstate 35, making travel to the Twin Cities or Albert Lea simple and efficient. The home is near Owatonna High School and Owatonna Middle School, as well as several neighborhood parks. Shopping and dining are close by along the Bridge Street corridor, where you’ll find Hy-Vee, Walmart, and a variety of restaurants. The property is also near Kaplan’s Woods Parkway for walking trails and outdoor activities, and just a short drive from downtown Owatonna’s shops, local businesses, and community attractions.

Highlights

Strong Occupancy
Clifton Apartments has benefited from consistently strong occupancy, supported by a stable tenant base and limited turnover. Its residential setting near schools, parks, and local amenities makes it an appealing option for long-term renters.

Excellent Connectivity
With quick access to Interstate 35 just minutes away, residents can efficiently commute north to the Twin Cities or south to Albert Lea. Also nearby U.S. Highway 14 also provides convenient east-west travel to Rochester and Mankato. This level of connectivity enhances tenant appeal, supports stable occupancy, and contributes to long-term value through consistent demand and ease of access.

Strong Submarket Fundamentals
Owatonna offers stable rental demand driven by a diverse local economy anchored by major employers such as Federated Insurance and Mayo Clinic Health System. Its affordability relative to the Twin Cities, combined with steady regional growth and limited housing supply, continues to attract a reliable tenant base. This supports consistent occupancy levels and positions the market for dependable, long-term rental income.

Register

Reset Password

Clifton Apartments