1550 Bush St Ukiah, CA 95482

This exceptional investment opportunity presents a well-maintained, six-unit apartment building located at 1550 N Bush St, Ukiah, CA 95482. The property, built in 1984 and renovated in 2013, boasts a total of 4,592 square feet situated on a 0.34-acre lot. The building consists of one single-story structure featuring a mix of unit sizes: four two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units, ensuring a diverse tenant base. Currently operating at 100% occupancy, this property generates a substantial NOI of $97,608, representing an attractive 8.13% cap rate. The asking price is $1,200,000, translating to $261.32 per square foot and $200,000 per unit. Conveniently located near shopping, public transportation, and schools, this property benefits from its prime location and strong rental demand. The property is zoned R3 and features on-site coin-operated laundry, adding further value and convenience for residents. The APN is 170-220-15-00. This is a turnkey investment ideal for expanding a portfolio or entering the real estate market. The property's strong performance and desirable location make it a compelling investment opportunity.