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Listed by Lynn McNamara • Luxe Places International Realty
$ 895,000
Est. payment | /mo
1,133 Beds
6 Baths
3,850 SqFt
$ 895,000
Est. payment | /mo
1,133 Beds
6 Baths
3,850 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,850 sqft
Price per Sqft $232
MLS Listing ID 325084979
Bedrooms 1133
HOA Y/N No
Year Built 2007
Lot Size 0.340 Acres
Property Sub-Type 5 or More Units
Property Description
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.
Location
State CA
County Mendocino
Area Ukiah
Zoning R2
Interior
Heating Ductless, Natural Gas
Cooling Window Unit(s)
Flooring Vinyl
Exterior
Parking Features Off Street, Uncovered
Garage Spaces 10.0
Utilities Available Cable Available, City, Internet Available, Natural Gas Connected, Sewer In & Connected
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Special Listing Condition Trust
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