Listed by CENTURY 21 ProLink, Century 21 Prolink
$4,650,000
5300 Stone Ave
Details
Property Type Special Purpose
Sub Type Other
Units 70
Occupancy 100%
Year Built 1985, 1998
Buildings 2
Stories 3
Lot Size (SqFt) 123,274
Ground Lease No
Special Purpose | 0 SqFt
Marketing 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.
Listing Contacts
Listed by CENTURY 21 ProLink, Century 21 Prolink
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