960-979 Marlene Street
$4,250,000
8
4
4
22,211
22,211
$191
Description
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...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.
- Listed by Marcia M Lazaro • DRE #01915451 • Brokerage DRE #02116789 • Coldwell Banker Mendo Realty
- Listed by John Lazaro • DRE #00928841 • Brokerage DRE #02116789 • Coldwell Banker Mendo Realty
Property Details for 960-979 Marlene Street
Architectural Style
Traditional
ZoningPD
View DescriptionGreenbelt, Hills, Varies by Unit
Cross StreetS. Orchard Avenue
Total Parking Spaces38
LISTING UPDATED: 10/24/2024 03:46 PM
Property Details for 960-979 Marlene Street
Status | Active |
---|---|
MLS # | 324000359 |
Days on Compass | 353 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1983 |
Lot Size | 2.30 AC / 100,187 SF |
County | Mendocino County |
Building Information for 960-979 Marlene Street
Stories-Residences-Year Built1983Building Size-Lot Size2.30 AC / 100,187 SF
Property Information for 960-979 Marlene Street
Property History for 960-979 Marlene Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 960-979 Marlene Street
This home is within Ukiah Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Nokomis Elementary School PublicK to 5 | ||
Pomolita Middle School Public6 to 8 | ||
Ukiah High School Public9 to 12 | ||
Ukiah Independent Study Academy PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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