Description
Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.30 acres and two legal parcels, offers terrific cash flow, a stable tenant base and opportunity for additional units. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents. 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 and underground utilities create a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. A recently completed minor subdivision and rezoning created a separate 1.06 acre parcel and both parcels are now zoned Medium Density Residential (R-2). 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.
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8BEDS
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2.3ACRES
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4BATHS
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01/2 BATHS
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22,211SQFT
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$191$/SQFT
School Ratings & Info
Description
Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex on 2.30 acres and two legal parcels, offers terrific cash flow, a stable tenant base and opportunity for additional units. A 1985 subdivision converted this multi-family property into condominiums on 20 individual legal parcels, these townhomes are currently rented with strong rents. 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 and underground utilities create a parklike setting at the end of a cul-de-sac in a desirable centrally located neighborhood. A recently completed minor subdivision and rezoning created a separate 1.06 acre parcel and both parcels are now zoned Medium Density Residential (R-2). 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.
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