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 with the recently approved minor subdivision and rezoning, the potential for additional units. The approved minor subdivision creates a separate 1.07 acre parcel and the entire property will be rezoned to R2 zoning. A 1985 subdivision converted this multi-family property 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. Some AP numbers will change with the recording of the final subdivision maps and re-zoning. 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 | $4,250,000 |
| 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 Details
| Office | Listing Courtesy of Marcia M. Lazaro of Coldwell Banker Mendo Realty |
|---|