3251 N State St, Ukiah, CA 95482

$2,500,000

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $2,500,000
Status: ACTIVE
Days on Market: 1
MLS#: 326074646
Subtype: Residential Income
Style: Other
Year Built: 1950
Lot Size: 92,783
Acres: 2.13
Neighborhood: Calpella/Redwood Vly
MLS Area Major: Calpella/Redwood Vly

New Search

Property Description

Cash cow! A unique income-producing asset on State Street that delivers a 7.2% cap rate across multiple revenue streams in one of Mendocino County's most accessible commercial corridors! This mixed-use multi-family offering combines 9 garden-level apartment units, one 2/1 house, 14 mobile home sites, and a standalone commercial building on a single 2.13-acre parcel with direct frontage on North State Street and Lake Mendocino Drive along with immediate proximity to Highway 101. The property's diversified rent roll spreads risk across apartments and mobile home space rent tenancy while offering value add potential with the commercial building. Its location places tenants within easy reach of Ukiah's core and regional traffic flow, supporting long-term occupancy and visibility. For an investor seeking stabilized cash flow with multiple income sources, this configuration offers both downside protection and room to add value!

Search All Properties

Additional Information

Property Description: Other
Flooring: Laminate, Other
Appliances: Gas Oven, Gas Range, Refrigerator, Varies By Unit
Heating: Wall Furnace
Air Conditioning: Window/Wall
Levels: One
Roof: Shingle, Other
Foundation: Other
Parking Features: Uncovered