Traveller's Park
$2,500,000
3251 N. State Street, Ukiah, CA 95482
10,000 sqft
Building Size
2.13 acres
Lot Area
Details:
Description:
Cash cow! A unique income-producing asset on State Street that delivers a 7.2% cap rate across multiple revenue streams in one of Mendocino County's most accessible commercial corridors! This mixed-use multi-family offering combines 10 garden-level apartment units, 14 mobile home sites, and a standalone commercial building on a single 2.13-acre parcel with direct frontage on North State Street and Lake Mendocino Drive along with immediate proximity to Highway 101. The property's diversified rent roll spreads risk across apartments and mobile home space rent tenancy while offering value add potential with the commercial building. Its location places tenants within easy reach of Ukiah's core and regional traffic flow, supporting long-term occupancy and visibility. For an investor seeking stabilized cash flow with multiple income sources, this configuration offers both downside protection and room to add value!
Nestled in the picturesque surroundings of Ukiah, California, the surrounding area offers a blend of natural beauty and urban convenience. Situated in the heart of wine country, prospective investors will discover a vibrant community with access to world-renowned vineyards, stunning parks, and outdoor recreational opportunities. The property's prime location provides convenient proximity to notable points of interest such as the Ukiah Valley Medical Center, Ukiah Municipal Airport, and Lake Mendocino. With its charming downtown area and diverse dining options, Ukiah offers an attractive lifestyle for potential residents, making it an appealing investment opportunity.
Public Water
Public Sewer
Wall Air Conditioning
Wall Furnace
Coin Operated Laundry
Location
Gallery
