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530-570 Talmage Rd, Ukiah, CA 95482

$2,095,000
4
bed
4
bath
8,448
Sqft ($248/Sqft)

Multi-family active under contract 613 days

Movoto is helping 9 homebuyers near you

About 530-570 Talmage Rd

Property type Multi-family

Neighborhood

Year built 1947

HOA fee $0/month

Lot size 1.02 Acre

Property description

A great multi-family investment opportunity in South Ukiah, this well-maintained 16-unit apartment complex offers good cash flow with a stable tenant base, C-1 zoning, and four 4-plexes on four separate legal parcels. The 1 bedroom/1 bath, 528+/- square foot units offer an open kitchen/living room layout, bright spacious bathrooms and individual attached carports. Very clean complex with many recent upgrades including newer roof and exterior paint, dual pane windows and new vinyl flooring, interior paint, kitchen cabinets and appliances in several units, and some electrical upgrades during the current ownership. Conveniently located close to Ukiah's busy Airport Blvd. shopping area, schools and freeway access. Ukiah is in the heart of Mendocino County Wine Country, just 2 hours north of the Golden Gate Bridge and 1 hour to the Sonoma County Airport.

Listed by

Listing Agent - Marcia M Lazaro

Listing Office - Coldwell Banker Mendo Realty

Source: BAREIS

MLS#324092098 • last updated 2 weeks ago

Movoto checked BAREIS for data 2 hours ago

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Overview
Cooling/AC	None
Heating	Electric, Wall Furnace
Levels/Style	1, Traditional
SqFt	8448
SubType	5 Or More Units
Type	Residential Income
Year Built	1947
MLS #	324092098
Status	Active Under Contract
On Market Date	2024-12-02
Lot Size (Acres)	1.02
Lot Size (SqFt)	44431
Condition	Updated/Remodeled, Varies By Unit

Interior
Laundry	Other
Flooring	Carpet, Tile, Varies By Unit, Vinyl
Appliances	Electric Water Heater, Free Standing Electric Range, Free Standing Refrigerator

Exterior
Foundation	Slab
Roof	Composition
# Covered Spaces	16
# Parking Spaces	28
Parking	Attached, Carport, Covered, Off Street
# Carport Spaces	16
# Open Parking Spaces	12
Exterior Features	Yard Space
Lot Desc	Landscape Front, Shape Regular

Amenities / Utilities
Water Source	Public
Green Features: Energy Efficient	Windows
Utilities	Cable Available, City, Electric, Internet Available
Sewer/ Septic	Public Sewer
Security Features	Carbon Mon Detector, Smoke Detector

Location
Area	Ukiah
County	Mendocino
Elementary School District	Ukiah Unified
Middle School District	Ukiah Unified
APN	003-150-58-00
Zoning	C-1

Multifamily Details
# of 1-BR Occupied	16
Unit 2: # Bedrooms	1
1-BR: Rent Range	930-1225
Unit 4: # of Rooms	2
Unit 4: # Bedrooms	1
Unit 2: # Full Bathrooms	1
Unit 3	560I
Unit 4: # Full Bathrooms	1
1-BR: % Occupied	97
Unit 2: # of Rooms	2
Unit 1	530A
Unit 1: # Full Bathrooms	1
Unit 3: # Bedrooms	1
Unit 4	570N
Unit 2	540E
Unit 3: # Full Bathrooms	1
Unit 3: # of Rooms	2
Unit 1: # Bedrooms	1
Unit 1: # of Rooms	2
# of Units	16
# of 1-Bedroom Units	16
Total # of Buildings	4
Separate Meters	Electricity
Tenant Pays	Electricity, Trash Collection, Other, See Remarks
Gross Scheduled Income $	218259
Cap Rate	5.8