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Listed by Todd Schapmire • W Real Estate
$899,000
Est. payment /mo
2,221 Beds
4 Baths
4,270 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,270 sqft
Price per Sqft $210
MLS Listing ID 325077955
Bedrooms 2221
HOA Y/N No
Year Built 1998
Lot Size 0.278 Acres
Property Sub-Type 5 or More Units
Property Description
Presenting a rare opportunity to acquire an income-generating multi-family property in the heart of Ukiah! This well-maintained asset consists of two single-story buildings situated on a fully fenced 0.28-acre lot, offering five fully-leased residential units with strong rental history. The unit mix includes three two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. All units are ground level, providing ease of access for tenants and minimizing maintenance concerns for ownership. With onsite laundry and parking, the property meets a critical tenant demand in this competitive rental market. Strategically located near Gobbi Street and Highway 101 with easy access to downtown, this asset offers long-term upside and stable cash flow. The property's configuration, tenant stability, and minimal operating complexity make it an ideal addition to any investor's portfolio, whether you're expanding your multi-family holdings or entering the market with a manageable and reliable income property. Don't miss this opportunity to secure a turnkey investment in one of Mendocino County's most sought-after rental markets!
Location
State CA
County Mendocino
Area Ukiah
Zoning R3
Interior
Interior Features Vaulted Ceiling(s)
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Carpet, Linoleum, Vinyl
Exterior
Parking Features Street, Uncovered
Garage Spaces 7.0
Utilities Available Cable Available, Cable Connected, City, Electric, Internet Available, Natural Gas Connected
Roof Type Composition
Building
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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