Marcus & Millichap is pleased to present the exclusive offering of Park Place Apartments, a 79-unit income-restricted multifamily community located in Terre Haute, Indiana. Constructed in 2010, the property offers investors the opportunity to acquire a newer vintage asset at an attractive basis, well below replacement cost. The asset features an efficient unit mix primarily consisting of one-bedroom units, catering to a stable and durable renter base supported by affordability-driven demand. The property is already in the extended use phase of the income restrictions which expire in 2040. Upon expiration, the property is expected to appreciate substantially as it will be completely market rate with zero rent restrictions.