789-795 Apple Avenue, Ukiah, CA

About 789-795 Apple Avenue

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. 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.

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