About 960 Marlene Street
Rare opportunity for investors and developers alike, this Ukiah Valley 20-unit multi-family complex offers terrific cash flow and a stable tenant base. 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. The City of Ukiah recently approved a minor subdivision and rezoning creating a separate 1.06 acre parcel that is not included in this offering, 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.
Features of 960 Marlene Street
| MLS® # | 324084737 |
|---|---|
| Price | $3,780,000 |
| Square Footage | 22,211 |
| Acres | 1.24 |
| Year Built | 1983 |
| Type | Residential Income |
| Sub-Type | Apartments, Condominiums, Townhouses |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 960 Marlene Street |
|---|---|
| Area | Ukiah |
| City | Ukiah |
| County | Mendocino |
| State | CA |
| Zip Code | 95482-5940 |
Amenities
| Features | Fenced Yard, Swimming Pool, Yard Space |
|---|---|
| Parking Spaces | 22 |
| Parking | Carport, Detached, Uncovered |
| Garage Spaces | 1 |
| Has Pool | Yes |
Interior
| Interior | Carpet, Laminate, Linoleum, Tile, Varies By Unit |
|---|---|
| Appliances | Dishwasher, Disposal, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater |
| 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 | R2 |
|---|
Listing Details
| Office | Listing Courtesy of Marcia M. Lazaro of Coldwell Banker Mendo Realty |
|---|