960-979 Marlene Street, Ukiah, CA

$5,000,000

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22,211

Square feet

2.30

Acres

About 960-979 Marlene Street

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.

Features of 960-979 Marlene Street

MLS® # 324000359
Price $5,000,000
Square Footage 22,211
Acres 2.30
Year Built 1983
Type Residential Income
Sub-Type Apartments, Condominiums, Townhouses
Style Traditional
Status Active

Community Information

Address 960-979 Marlene Street
Area Ukiah
City Ukiah
County Mendocino
State CA
Zip Code 95482-5940

Amenities

Features Fenced Yard, Swimming Pool, Yard Space
Parking Spaces 38
Parking Carport, Detached, Guest Parking Available, Uncovered
Garage Spaces 1
Has Pool Yes

Interior

Interior Carpet, Linoleum, Laminate, Tile, Varies By Unit
Appliances Disposal, Dishwasher, Free Standing Gas Range, Gas Water Heater, Free Standing Refrigerator
Heating Central
Cooling Central
Fireplace No

Exterior

Lot Description Cul-De-Sac, Curb(s), Curbs/Gutters, Landscape Front, Sidewalk
Windows Varies By Unit, Window Coverings, Window Screens
Roof Composition
Foundation Concrete, Slab

Additional Information

Zoning PD

Listing Map

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Listing courtesy of Marcia M. Lazaro of Coldwell Banker Mendo Realty

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Listing information last updated on July 17th, 2024 at 12:17pm CDT.