5300 Stone Ave - Apartments FOR SALE


Sioux City, IA 51106
$4,650,000 USD
712-266-5972
5300 Stone Ave, Sioux City, IA for Sale
$4,650,000 USD
Apartments - FOR SALE
1/9
null | 5% Cap Rate

5300 Stone Ave
Sioux City, IA 51106


HIGHLIGHTS

  • Great Location, Beautiful Grounds
  • Mere Minutes from Shopping, Grocery and Entertainment
  • Assumable PRAC Financing

OVERVIEW

The Maple Heights Apartments and Maple Heights Annex sits a top Stone Blvd and overlooks the beautiful Sunrise Retirement Home Campus. You’ll be hard pressed to find apartment views as beautiful as these. With easy access to Gordon Drive and Hwy 20, this complex is mere minutes away from shopping, groceries and entertainment. This property is a HUD apartment complex for 62 years & older and includes two parcels 894736452014 and 894736452015 for a total of 70 apartment units on 2.83 acres. Maple Heights, the larger section was built in 1985 with a total of 50 apartments (15 - efficiency & 35 – 1B 1B). The Annex, the smaller section was built in 1998, to include 20 apartments (19- 1B 1B & 1- 2B 1B). Each unit has AC and a Pull Cord Call System. Resident amenities to include laundry, controlled access and outside patio. The price boosts a 5% ROI, with assumable PRAC Financing. Financials available with a signed CA.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

70

PRICE/UNIT

$66,429

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maple Heights & Annex Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.79 AC

LAND SF

121,532 SF

ZONING

-

APN/PARCEL ID

894736452014,894736452015

ASK ABOUT THIS PROPERTY

Jennifer Rose BassCentury 21 ProLinkMore Info
712-266-5972

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Jennifer Rose BassCentury 21 ProLinkMore Info
712-266-5972

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.