960 - 979 Marlene Street Apartments

Highlights:

• Average Floor Size: 1110.0
• Average Occupancy Rate: 97.0
• Age: 41-50 Years Old
• Appliances: Refrigerator
• Area Amenities: Outdoor Activities
• Area Description: Wine Country
• Cooling: Central A/C
• Exterior Description: Wood Siding
• Exterior Living Space: Patio
• Fencing: Fenced Yard
• Fireplace Description: Wood Burning
• Flooring: Wall to Wall Carpet
• Garage Description: Carport
• General: Smoke Detector
• Heating Fuel Type: Gas
• Heating Type: Forced Air
• Interior: Blinds
• Kitchen Features: Galley Kitchen
• Location: Cul-de-sac
• Lot Description: Level
• Lot Size: 2-5 Acres
• Pool Description: Pool
• Road Type: City / Town Street
• Roof: Composition Shingle
• Sewer: City
• Water: City Water

Description:

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 with majestic redwoods and underground utilities creates 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 1.07 acre parcel that is not included in this offering, and the entire property will be rezoned to R2 zoning. 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.