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… Read More 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. Read Less
Listing courtesy of Marcia M Lazaro, Coldwell Banker Mendo Realty 7079724204
Listing Snapshot
Days Online
547
Last Updated
Property Type
5 Or More Units
Beds
8
Full Baths
4
Partial Baths
4
Square Ft.
22,211
Lot Size
1.24 Acres
Year Built
1983
MLS Number
324084737
30 Days Snapshot Of 95482
$487k
-3%
(avg) sold price
10
+11%
homes sold
126
+15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1983, 4 buildings, 22,211 square feet, Traditional, Apartments, Condominiums, Townhouses
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