Michel Commercial is pleased to present Covington Place Apartments, a 90-unit apartment community situated across four buildings at 510, 600 & 605 8th Ave N, and 520 9th Ave N in Saint Cloud, Minnesota. Built in 1987, the community offers a full mix of one-, two-, and three-bedroom apartment homes ranging from 725 to 1,200+ square feet, each featuring walk-in closets and patios/balconies in select units. Rent includes water, sewer, trash, and heat paid by ownership, positioning Covington Place among the most attainable and highest-demand rental options in the St. Cloud market. Strong Performance & Rent Growth Opportunity Covington Place has maintained strong historical and current occupancy (100%), 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. Convenient St. Cloud Location Covington Place is ideally positioned in central Saint Cloud, just 0.8 miles (a 16-minute walk) from St. Cloud Hospital/CentraCare — the region’s largest employer — and approximately 2 miles from St. Cloud State University. The property also sits within walking distance of multiple shopping centers and minutes from downtown Saint Cloud, Munsinger & Clemens Gardens, and the St. Cloud Area Family YMCA, giving residents exceptional access to employment, education, and daily conveniences. Consistent Capital Investment Ownership has continued to invest in Covington Place, including documented exterior improvements to the property’s garage structures. Apartment homes also feature refreshed, modern interiors with contemporary cabinetry, appliances, flooring and finishes.