625 N State Street 625 N State Street Ukiah, California 95482 United States
625 N State Street Ukiah, California 95482 United States
$7,950,000
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Well maintained 53 unit apartment complex in the heart of downtown Ukiah! Park Place Apartments is a 2-story complex with 5 buildings totaling approximately 42,344 square feet on 2.65 acres. 5.8% Capitalization Rate and 10.25 GRM on existing...
- 42,344 Sq Ft.
- Interior
- 2.65 Acres
- Exterior
- Single Family Homes
- Property type
- 1978
- Year Built
- 323908475
- Web Id
- 323908475
- MLS ID
- 139
- days ago
About 625 N State Street
Well maintained 53 unit apartment complex in the heart of downtown Ukiah! Park Place Apartments is a 2-story complex with 5 buildings totaling approximately 42,344 square feet on 2.65 acres. 5.8% Capitalization Rate and 10.25 GRM on existing rents. There's a versatile mix of plans, including 2-bedroom townhouses, 2-bedroom flats, 1-bedroom flats, and a studio, along with a 5-bedroom manager's unit. Residents are offered a range of amenities including a pool, backyards or balconies, garages, and an on-site laundry room. Unbeatable location just a few blocks to downtown restaurants and shops. Historically low turnover, desirable downtown location, and amenities promote a stable investment for many years to come! Upside in rents and numerous recent capital improvements, including but not limited to, the pool and multiple roofs, make this a terrific investment opportunity!
Listing provided by Todd Schapmire at W Real Estate
This Listing is for Sale .The listing status is Contingent located within Mendocino County
Any offer of compensation is made exclusively to Broker Participants of the MLS where the listing is filed.
Listing provided by Todd Schapmire at W Real Estate
This Listing is for Sale .The listing status is Contingent located within Mendocino County
Any offer of compensation is made exclusively to Broker Participants of the MLS where the listing is filed.
Amenities
- Carpet
features
- cooling
- Electric
Listing Courtesy of W Real Estate
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