625 N State Street Ukiah, CA 95482
Listing Courtesy of: BAREIS / W Real Estate Santa Rosa / Todd Schapmire
$7,950,000
4
BED
2
BATH
42,344
SQFT

  625 N State Street Ukiah, CA 95482

Contingent (82 Days)

Description

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!

MLS #:
323908475
Lot Size
2.65 acres
Type
Multifamily
Year Built
1978
Views
Mountains
County
Mendocino County
Bathroom Details
  • Full Bathrooms: 2
Kitchen
  • Disposal
  • Free Standing Refrigerator
  • Free Standing Electric Range
Lot Information
  • Landscape Front
Property Features
  • Foundation: Slab
  • Foundation: Concrete
Heating and Cooling
  • Wall Furnace
  • Ceiling Fan(s)
  • Wall Unit(s)
Flooring
  • Tile
  • Carpet
  • Vinyl
Exterior Features
  • Roof: Composition
  • Roof: Tile
Utility Information
  • Utilities: Electric, City, Dsl Available, Internet Available, Cable Available
  • Sewer: Public Sewer
Living Area
  • 42,344 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by W Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data © 2023 Bay Area Real Estate Information Services, Inc. All Rights Reserved. Data last updated: 11/28/23 01:28