960 Marlene St, Ukiah, CA 95482
- $3,200,000
- 22,211
- SqFt
- List Price
- $3,200,000
- MLS#
- 324084737
- Property Type
- Multifamily
- Sqft. of Residence
- 22,211
- Lot Size
- 54,014
- Region
- Ukiah
- Status
- ACTIVE
- County
- Mendocino
- Acres
- 1.24
- Year Built
- 1983
- Parking Spaces
- 22
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
- Basement
- None
- Foundation
- Concrete, Slab
- Living Area
- 22,211
- Lot Size
- 54,014
- Possession
- Close Of Escrow
- Region
- Ukiah
- Roof
- Composition
- Style
- Traditional
- Utilities
- Cable Available, Internet Available, Natural Gas Available
- View
- Garden, Mountain(s)
- Zoning
- R2
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Listing courtesy of Coldwell Banker Mendo Realty.
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