960 Marlene St, Ukiah, CA 95482

$3,200,000
22,211
SqFt

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List Price
$3,200,000
Status
ACTIVE
Days on Market
734
Price Change
▼ $295,000 1776894802
MLS#
324084737
Subtype
Residential Income
Style
Traditional
Year Built
1983
Living Area
22,211
Lot Size
54,014
Acres
1.24
Neighborhood
Ukiah
MLS Area Major
Ukiah

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.

Additional Information

Exterior Features
Private Yard, Private Yard
Property Description
Traditional
Zoning
R2
Flooring
Carpet, Laminate, Linoleum, Tile
Appliances
Dishwasher, Disposal, Gas Range, Refrigerator, LP Gas Water Heater
Heating
Central
Air Conditioning
Central Air
Levels
Two
Roof
Composition
Foundation
Concrete, Slab
Parking Features
Carport, Detached, Uncovered
Garage Spaces
1
School District
Ukiah Unified
View
Garden, Mountain(s)

Listing courtesy of Marcia M Lazaro from Coldwell Banker Mendo Realty

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