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960 Marlene St, Ukiah, CA 95482

$3,200,000
: 22,211
SqFt

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List Price: $3,200,000
Status: ACTIVE
MLS#: 324084737
Price Change: ▼ $295,000 1776894802
Year Built: 1983
Property Type: 5 or More Units
Living Area: 22,211
Lot Size: 54,014
Acres: 1.24
County: Mendocino
Region: Ukiah

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Property Description

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex offers terrific cash flow and a stable tenant base. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents. All units are 2 bedroom, 1.5 baths with a well-designed and spacious floor plan, large upstairs bedrooms with jack-and-jill bathroom and ample closets, central HVAC, fireplaces and private fenced yards. Amenities include on-site laundry facilities, in-ground pool, and carports plus additional on-site paved parking. Impeccably maintained landscaping and underground utilities create a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. The City of Ukiah recently approved a minor subdivision and rezoning creating a separate 1.06 acre parcel that is not included in this offering, and both parcels are now zoned Medium Density Residential (R-2). Ukiah is in the heart of Mendocino County Wine Country, under two hours to the Golden Gate Bridge and one hour north of the Sonoma County Airport.

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Additional Information

Style: Traditional
Carport Spaces: 19
Garage Spaces: 1
Basement: None
Floors: Carpet, Laminate, Linoleum, Tile
Foundation: Concrete, Slab
Heating: Central
Cooling: Central Air
Lot Description: Cul-De-Sac, Curb, Curbs/Gutters, Landscape Front, Sidewalks
Possession: Close Of Escrow
Roof: Composition
Tenant Pays: Electricity, Gas
Utilities: Cable Available, Internet Available, Natural Gas Available
View: Garden, Mountain(s)
Zoning: R2
School District: Ukiah Unified