This centrally located, five-unit property in Downtown Ukiah is an excellent investment opportunity set on a LARGE 14,000+ square foot lot. The property includes one charming duplex, originally built in 1930 (but with an apparent age per the Assessor dated as 1956), and three separate identical residences constructed in 2007.… Read More The newer 3-bedroom, 2 full bath units feature cathedral ceilings, spacious kitchens, in-unit laundry rooms, recessed lighting, and are further complemented by high ceilings throughout. The entire property benefits from public water and sewer, paved on-site parking, and curb-and-gutter on the well lit street access. With below-market rents evident from the current tenants (e.g., a 3-bedroom unit renting for $1,680 and another for $1,225), there is clearly room to potentially increase future income and profitability--creating a HUGE upside! Tenants have separate meters and pay for ALL utilities directly except for one-- water/sewer has a shared meter for the duplex, which is billed by the City and passed through to the residents by management. Enjoy reliable cash flow from historical low vacancy and established tenants who pride themselves on the upkeep of their homes. Read Less
Listing courtesy of Lynn McNamara, Luxe Places International Realty 7076214265
Listing Snapshot
Days Online
66
Last Updated
Property Type
5 Or More Units
Beds
8
Full Baths
6
Square Ft.
3,850
Lot Size
0.34 Acres
Year Built
2007
MLS Number
325084979
30 Days Snapshot Of 95482
$477k
-22%
(avg) sold price
15
-16%
homes sold
75
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2007, 4 buildings, 3,850 square feet, Planned Unit Develop
Foundation
Concrete Perimeter
Lot
Lot square footage: 14,810, 0.34 acres, Curbs/Gutters, Sidewalk
Roof
Composition
Unit One
1 bedroom, 4 rooms, Flat
Unit Two
1 bedroom, 5 rooms, Flat
Unit Three
3 bedrooms, 8 rooms, Flat
Unit Four
3 bedrooms, 8 rooms, Flat
Utilities
Cable Available, City, Internet Available, Natural Gas Connected, Sewer In & Connected
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