960 979 Marlene Street Ukiah, CA 95482
Listing Courtesy of: BAREIS / Coldwell Banker Mendo Realty / Marcia Morgan Lazaro / John L. "John" Lazaro

  960 979 Marlene Street Ukiah, CA 95482

Active (103 Days)
$5,000,000
8
BED
8
BATH
22,211
SQFT

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.

MLS #:
324000359
Lot Size
2.3 acres
Type
Multifamily
Year Built
1983
Style
Traditional
Views
Hills, Garden/Greenbelt, Varies by Unit
School District
Mendocino
County
Mendocino County

Listed By

Marcia Morgan Lazaro, DRE #01915451 CA, Coldwell Banker Mendo Realty
John L. "John" Lazaro, DRE #00928841 CA, Coldwell Banker Mendo Realty
Source
BAREIS
Last checked Apr 17 2024 at 9:14 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
  • Half Bathrooms: 4
Kitchen
  • Dishwasher
  • Disposal
  • Gas Water Heater
  • Free Standing Gas Range
  • Free Standing Refrigerator
Lot Information
  • Sidewalk
  • Landscape Front
  • Curbs/Gutters
  • Curb(s)
  • Cul-De-Sac
Property Features
  • Foundation: Slab
  • Foundation: Concrete
Heating and Cooling
  • Central
Flooring
  • Tile
  • Laminate
  • Carpet
  • Linoleum
  • Varies by Unit
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: City, Internet Available, Cable Available, Natural Gas Connected
  • Sewer: Sewer Connected
School Information
  • Elementary School: Ukiah Unified
  • Middle School: Ukiah Unified
  • High School: Ukiah Unified
Living Area
  • 22,211 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Listing Data © 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. Data last updated: 4/17/24 14:14