About This Home
This 18-bedroom, 2-bathroom residential multi family at 3251 N State Street in Ukiah, CA is listed for $2,500,000. Built in 1950, on a 2.13 acres lot.
Key Features
- Built in 1950
- 2.13 acre lot
Property Details
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!
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3251 N State Street
Ukiah, CA 95482
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 18-bedroom, 2-bathroom residential multi family at 3251 N State Street is listed at $2,500,000. The estimated monthly payment is $13,370 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 2.13 acre lot.
This property is listed by Todd Schapmire and can be reached at 7075709855.