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    5300 Stone Ave Sioux City, IA 51106

    Sponsored
    For Sale
    $4,650,000

    70-unit HUD apartment complex, Sioux City, IA

    Property size:
    50,756 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 70-unit HUD apartment complex located at 5300 Stone Ave, Sioux City, Iowa, in Woodbury County, zip code 51106. The property, encompassing two buildings on a 2.83-acre lot, boasts a total of 50,756 square feet. Built in 1985 and 1998, the complex comprises the main Maple Heights building (50 units: 15 efficiencies and 35 one-bedroom, one-bathroom units) and the Maple Heights Annex (20 units: 19 one-bedroom, one-bathroom units and 1 two-bedroom, one-bathroom unit). All 70 units are currently 100% occupied. The complex is situated on Stone Blvd, overlooking the Sunrise Retirement Home Campus, offering residents beautiful views. Its convenient location provides easy access to Gordon Drive and Highway 20, placing residents minutes from shopping, groceries, and entertainment. Each unit features air conditioning and a pull-cord call system. Resident amenities include laundry facilities, controlled access, and outdoor patios. The asking price is $4,650,000, offering a projected 5% ROI with assumable PRAC financing. Detailed financial information is available upon request with a Confidentiality Agreement. The property includes two parcels: 894736452014 and 894736452015. This is a three-story building. This is a special purpose property consisting of commercial land.

    Property Features for 5300 Stone Ave

    General Information

    Property type
    Land
    Square Feet
    50,756 SF
    Lot Size
    123,275 SF

    Building Details

    Buildings
    2
    Stories
    3
    Units
    70

    HighLights

    • 70‑unit HUD apartment complex in Sioux City, IA, on a 2.83‑acre lot.
    • Two buildings totaling 50,756 square feet, built in 1985 and 1998.
    • 100% occupancy with a mix of studio, one‑bedroom, and one two‑bedroom units.
    • Excellent location near shopping, highways, and Sunrise Retirement Home Campus.
    • $4,650,000 asking price with projected 5% ROI and assumable financing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maple Heights Retirement Community Sunrise Manner Apartment Building

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.3379228
    Latitude
    42.4786732

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    FAQs

    What type of property is this?
    Land - 70-unit HUD apartment complex, Sioux City, IA
    Where is this land 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 in Sioux City, IA, on a 2.83-acre lot.; Two buildings totaling 50,756 square feet, built in 1985 and 1998.; 100% occupancy with a mix of studio, one-bedroom, and one two-bedroom units.
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    5300 Stone Ave Sioux City, IA 51106
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    Sioux City, IA 51106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5300 Stone Ave Sioux City, IA 51106
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