625 N State St, Ukiah, CA 95482

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!