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$4,650,000
Est. payment /mo
50,756 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 50,756 sqft
Price per Sqft $91
MLS Listing ID 826376
Year Built 1985
Tax Year 2024
Lot Size 2.830 Acres
Acres 2.83
Property Sub-Type Commercial
Property Description
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.
Location
State IA
County Woodbury
Area Eastside
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Listed by Century 21 ProLink