JUST LISTED: Clifton Apartments (48-Homes in Owatonna, MN)
Deal Type: Acquisition
Risk Profiles: Core
Property Types: Multifamily
The Offering
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.
Location & Connectivity
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.
Investment Potential
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
Owatonna, MN
Clifton Apartments are conveniently located in Owatonna, Minnesota, with easy access to Interstate 35, providing a direct route to the Twin Cities to the north and Des Moines to the south. The property is also near U.S. Highway 14 and Highway 218, allowing for efficient travel throughout the region. Residents benefit from close proximity to major employers and everyday amenities, including Walmart Supercenter, Target, Hy-Vee, Cash Wise Foods, and the Medford Outlet Center. Additionally, the property is just minutes from downtown Owatonna, local parks, schools, and the Mayo Clinic Health System, offering both convenience and connectivity within a strong regional market.