$5,000,000 Price Analysis    ♡   Ukiah, CA 95482 40 bed None bath 22,211 SqFt ($225/SqFt) 2.3 acre lot. Built 1983 Listed 2024-01-06 | May be USDA loan restricted due to income limits near Ukiah |
Rare opportunity for investors nd developers alike
This Ukiah Valley 20-unit multi-family comple x on 2.3 acres offers terrific cash flow and the potential for additional units. Subdivided in 1985 into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents and a stable tenant base. All units are 2 bedroom, 1.5 baths with a well-designed and sizeable 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 with majestic redwoods and underground utilities creates a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. A significant portion of the undeveloped land could be used for building more multi-family units and a minor subdivision and rezoning application is currently in process with the City of Ukiah, creating a second 1.07 acre parcel and changing the zoning from PD (Planned Development) to R2. 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.
Presented by Marcia Morgan Lazaro at
Coldwell Banker Mendo Realty.
Property MLS #324000359 from Bareis
Disposal
Free Standing Gas Range
Free Standing Refrigerator
Gas Water Heater
Laundry Features: Coin Operated, In Common Area
Heating Features: Central
Window Features: Varies by Unit, Window Coverings, Window Screens
Swimming Pool
Yard Space
Patio And Porch Features: Enclosed Patio, Varies by Unit
Covered Spaces: 18
Garage Spaces: 1
Open Parking Spaces: 19
Parking Features: Carport, Detached, Guest Parking Available, Uncovered
Parking Total: 38
Lot Size Acres: 2.3
Lot Size Square Feet: 100187
Security Features: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector, Varies By Unit
Calculated Total Monthly Association Fees: 0
Number of Units: 20
Number of 2 Bedroom Units: 20
Full Bathrooms in the 1 Bedroom Units: 1
Full Bathrooms in the 2 Bedroom Units: 1
Full Bathrooms in the 3 Bedroom Units: 1
Full Bathrooms in the 4 Bedroom Units: 1
Half Bathrooms in the 1 Bedroom Units: 1
Half Bathrooms in the 2 Bedroom Units: 1
Half Bathrooms in the 3 Bedroom Units: 1
Half Bathrooms in the 4 Bedroom Units: 1
Unit-1 Description: 2BR/1.5BA Townhouse
High School District: Ukiah Unified
School District: Mendocino
Middle or Junior School District: Ukiah Unified
Map directions Map directions Map directions Map directionsCounty: Mendocino
Cross Street: S. Orchard Avenue
Directions: 101 N. or S. Take Perkins Street Exit. Turn left on S. Orchard Street. South of Gobbi Street, continue straight onto Marlene Street. Apartment Complex is at the end of the street.
Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. Copyright 2024 Rapattoni Corporation. All rights reserved. U.S. Patent 6, 910, 045
Source Property Type: Residential Income
Area: Ukiah
Source Neighborhood: Ukiah
Postal Code Plus 4: 5940
Zoning: PD
Property Subtype: 5 or More Units
Source System Name: C2C
$5,000,000
Bareis
Year Built: 1983
Construction Materials: Frame, Wood Siding
Foundation Details: Concrete, Slab
Levels: Two
Property Age: 41
Property Condition: Varies by Unit
Roof: Composition
Structure Type: Apartments, Condominiums, Townhouses
Architectural Style: Traditional
Cable Available
City
Internet Available
Natural Gas Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.