5300 Stone Ave Sioux City, IA 51106

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Listing date Sep 24, 2024

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Investment Insights

Based on property information with market context.

The Maple Heights Apartments and Maple Heights Annex, situated atop Stone Blvd, overlook the Sunrise Retirement Home Campus. The complex offers convenient access to Gordon Drive and Hwy 20, placing it within minutes of shopping, groceries, and entertainment. This HUD apartment complex caters to residents aged 62 years and older, encompassing two parcels totaling 70 apartment units across 2.83 acres. Maple Heights, constructed in 1985, features 50 apartments, including 15 efficiency units and 35 one-bedroom, one-bathroom units. The Annex, built in 1998, comprises 20 apartments, with 19 one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Each unit is equipped with air conditioning and a pull cord call system. Resident amenities include laundry facilities, controlled access, and an outside patio.

Key Highlights

• 70‑unit HUD apartment complex for residents 62 years & older
• Assumable PRAC financing available, offering a 5% ROI
• Convenient location with easy access to Gordon Drive and Hwy 20, near shopping, groceries, and entertainment

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FAQs

What type of property is this?

Apartment building - 70-unit apartment complex for residents 62 years and older.

Where is this apartment building located?

The property is located at 5300 Stone Ave Sioux City, IA.

What is the asking price?

The asking price for this property is $4,650,000.

What are key features of this property?

This property features: 70‑unit HUD apartment complex for residents 62 years & older; Assumable PRAC financing available, offering a 5% ROI; Convenient location with easy access to Gordon Drive and Hwy 20, near shopping, groceries, and entertainment