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960 Marlene Street

Ukiah, CA 95482
  • $5,000,000
  • STATUS: Active
  • ON SITE: 109 Days
  • ID#: 324000359
UPDATED: 86 min ago
$5,000,000
  • 8
    BEDS
  • 2.3
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 22,211
    SQFT
  • $225
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1983
County:
Area:

School Ratings & Info

Description

Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex 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 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 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.

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© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-04-24T10:57:24.533.
www.countryestatesinc.com/homes/146440336
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960 Marlene Street Ukiah, CA 95482

  • Price: $5,000,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 86 min ago
  • ID#: 324000359
8
Beds
4
Baths
0
½ Baths
2.3
Acres
22,211
SQFT
$225
$/SQFT
1983
Built
Neighborhood:
Ukiah
County:
Mendocino
Area:
Ukiah
Property Description
Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex 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 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 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.
Exterior Features

Architectural Style Traditional Carport Spaces 18 Construction Materials FrameWood Siding Covered Spaces 18 Exterior Features Fenced YardSwimming PoolYard Space Foundation Details ConcreteSlab Independent Parking Spaces 0 Levels Two Lot Features Cul-De-SacCurb(s)Curbs/GuttersLandscape FrontSidewalk Open Parking Spaces 19 Parking Features CarportDetachedGuest Parking AvailableUncovered Parking Total 38 Patio And Porch Features Enclosed PatioVaries by Unit Roof Composition Tandem Parking Spaces 0 View Garden/GreenbeltHillsVaries by Unit

Interior Features

1 Bedroom Units Total 0 2 Bedroom Units Total 20 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances DishwasherDisposalFree Standing Gas RangeFree Standing RefrigeratorGas Water Heater Commercial Units Total 0 Cooling Central Flooring CarpetLaminateLinoleumTileVaries by Unit Heating Central Laundry Features Coin OperatedIn Common AreaOther Studio Units Total 0

Property Features

Accessibility Features 0 Association Fee 0 Association YN No Auction No Gross Income 388000 Property Condition Varies by Unit Property Sub Type 5 or More Units Property Type ResidentialIncome Security Features Carbon Mon DetectorDouble Strapped Water HeaterSmoke DetectorVaries By Unit Separate Meters ElectricityGas Sewer Sewer Connected Subtype Description ApartmentsCondominiumsTownhouses Tenant Pays ElectricityGas Utilities Cable AvailableCityInternet AvailableNatural Gas Connected Water Source Public Zoning Description PD

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Marcia M Lazaro of Coldwell Banker Mendo Realty: .


© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-04-24T10:57:24.533.
 
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