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Listed price in listed location currency (USD).
$2,500,000

000

MLS® 326074646

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 12
Lot Size 2.13 Acres
Approx. Age 1950
MLS® Number 326074646

Property Address: 3251 State St, Ukiah, CA, 95482-4486

Average square foot calculated using Size range provided by listing agent.

Description

Cash cow! A unique income-producing asset on State Street that delivers a 7% cap rate across multiple revenue streams in one of Mendocino County's most accessible commercial corridors! This mixed-use multi-family offering combines 9 garden-level apartment units, one 2/1 house, 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!
MLS® Number326074646
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
DrivewayUncovered
Garage Spaces
HeatWall Furnace
A/CWall Unit(s)

Extras

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