Riverview Terrace

Overview

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Riverview Terrace Apartments provide a welcoming community in Adrian, Michigan. This apartment complex offers Studio-1 bed, 1 bath units, making it an ideal choice for varying living needs. Residents enjoy easy access to local amenities and services within the Adrian School District, contributing to a comfortable lifestyle.

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The apartment building is undergoing significant rehabilitation efforts thanks to a $6.6 million commitment from the Michigan State Housing Development Authority. This investment ensures that Riverview Terrace will continue to offer safe and well-maintained living spaces for its residents. Despite past challenges, the community remains dedicated to providing quality housing solutions.

Residents of Riverview Terrace can take advantage of various conveniences and community features designed to enhance their living experience. The apartment complex includes gated access, ensuring security and peace of mind for all occupants. With affordable rental prices starting at $789 per month, Riverview Terrace Apartments offer both value and comfort.

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Amenities and Features

Gated access
Studio – 1 bedroom units
Pet friendly
Emergency maintenance available
Proximity to local amenities
Located within the Adrian School District

Sources

Riverview Terrace Location

Address: 400 College Ave, Adrian, MI 49221

Phone: 517-263-4880

Website: https://medallionmgmt.com/riverview-terrace-apartments/

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About Adrian, Michigan

Adrian, a city located in the state of Michigan (MI), is home to a population of approximately 20,607 people. Adrian boasts a median age of 34.9, with around 24.8% of its residents aged 60 or above. 4.7% of the population identifies as US Veterans. 16.4% of Adrian residents are disabled. The city has an average household income of $40,797, while the unemployment rate stands at 4.8%, and around 23.4% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Adrian is $107,215, with a monthly rent averaging $894.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.