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Property Description
We are proud proud to exclusively present The Woods Senior Living, a 55+ active adult apartment community located at 4800 N Palm Avenue in the city of Riverside. This superbly designed and well-located community is being brought to the market at an opportune time as the senior population of adults aged 55+ in the United States is projected to significantly increase over the next ten years and beyond.The Woods Senior Living is ideally located within the city of Riversides medical zone just west of downtown Riverside on Palm Avenue between Tequesquite Avenue and Beechwood Place. It is within walking distance to Riverside Community Hospital and Emergency Room, several urgent cares, doctors offices, and medical clinics. The property also offers scenic views of Mount Rubidoux and is directly across the street from Ryan Bonaminio Park, providing tenants convenient access to greenbelt walkways and park amenities. The property is also within a 2-mile radius from the Metrolink Station, bus stations, supermarkets, financial institutions, shopping centers, and various restaurants. The Woods Senior Living is an excellently maintained, and meticulously thought out, two-story, 59-unit property that is tailored to the senior community. Constructed in 2021, the property is one of a select few multifamily communities built in the Inland Empire over the last 5 years and is one of even fewer senior multifamily communities built during that time. It is a pride of ownership building situated on a lushly landscaped 85, 378 square foot lot, with a total building size of 39, 972 square feet. The Woods Senior Living features controlled gated entry and parking, carport parking, security monitoring system, elevator access, sprinkler system, fully furnished and equipped community room and kitchen, fitness center, exterior water fountains, and outdoor courtyard with BBQ grills. The property offers spacious one- and two-bedroom units with an average unit size of 677 square feet. Every unit includes central air conditioning and heating, plank and carpet flooring, private patio / balcony, tankless water heater, quartz countertops, in unit washer / dryer, prewired for ceiling fans, and stainless-steel appliances including refrigerator, oven / stove, dishwasher, and microwave. The Woods Senior Living is a highly sought after income-producing property and a great long-term investment opportunity.
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