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Stratford Square

3403 22nd St S St. Cloud / Minnesota

Property Details

Price:

Property Type Multifamily

Total Lot Size: 1.12

Year Built: 1992

Number of Units: 21

County: Stearns

Description

Michel Commercial is pleased to present Stratford Square, a 21-home apartment community in St. Cloud, Minnesota, offering spacious one-, two-, and threebedroom homes. The property features open-concept kitchens, updated appliances, hard-surface flooring, air conditioning, and ample closet space, along with garages, off-street parking, controlled entry, on-site laundry, and outdoor grilling areas.

Location

Located in the heart of St. Cloud’s primary retail and commercial corridor, Stratford Square is minutes from Crossroads Center, Costco, Target, Walmart, and other major retail and services, with convenient access to Highway 15, MN-23, and I-94. 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
Stratford Square has 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 property is well positioned to benefit from a constrained supply environment.

Consistent Capital Investment
Stratford Square has benefited from consistent ownership investment, including a full roof replacement, vinyl window replacement, and updated building systems. Recent improvements include a new water heater in 2023 and boiler in 2024, along with PVC plumbing throughout, providing the next owner with a well-maintained physical asset and reducing near-term capital needs.

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Stratford Square