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$4,250,000
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Ukiah Area Multi-Family Home

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960 979 Marlene Street Ukiah, CA 95482

8 Bed
8 Baths
22211 sqft
MLS# 324000359
Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.3 acres offers terrific cash flow and with the recently approved minor subdivision and rezoning, the potential for additional units. The approved minor subdivision creates a separate 1.07 acre parcel and the entire property will be rezoned to R2 zoning. A 1985 subdivision converted this multi-family property 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. Some AP numbers will change with the recording of the final subdivision maps and re-zoning. 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.
Listing Courtesy of BAREIS / Coldwell Banker Mendo Realty / Marcia Morgan Lazaro