Building Details

Year Built 1985

Buildings 2

Stories 3

Units 70

Listing Agency: CENTURY 21 ProLink k***@c21prolink.com Show Phone

Listed By: KJ Wingert · License #S69502000

Source: Crexi

Added: Sep 24, 2024 Changed: Aug 16 Last Checked: Aug 24 at 1:58PM

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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

Property Analytics

Property Profile

Current Use

Maple Heights Retirement Community Sunrise Manner Apartment Building

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Auto Repair Shop Daycare Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

202

Businesses Nearby

Explore this area Business Placement

Demographics for 51106, IA

28,655

Population

11,681

Households

2.5

Avg Household Size

35

Median Age

27%

College-Educated

93%

High-School Grad

33.5 sq mi

ZIP Area

855

Density / Sq Mi

$74,486

Median Household Income

$40,495

Median Earnings

$1,080

Median Rent

$186,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

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