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Cory Cadle

corycadle7@gmail.com +1(707) 303-5938

Listed by Todd Schapmire W Real Estate

$2,500,000

Est. payment - /mo

2.13 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 326074646

Style Modular/Mobile,Other

HOA Y/N No

Year Built 1950

Lot Size 2.130 Acres

Acres 2.13

Property Sub-Type 5 or More Units

Property 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!

Location

State CA

County Mendocino

Area Calpella/Redwood Vly

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Laminate, Other

Appliance Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Varies By Unit

Laundry Other

Exterior

Utilities Available City, Electricity Connected, Internet Available, Natural Gas Connected

Waterfront Description Public

Roof Type Shingle,Other

Private Pool No

Building

Lot Description Landscape Front

Story 1

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Modular/Mobile, Other

Others

Tax ID 1691201600

Special Listing Condition Standard

Virtual Tour https://buildout.com/website/1684076-sale

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Cory Cadle

+1(707) 303-5938

Real Estate Advisor License ID: 01986329

N 3251 State ST Ukiah, CA 95482

Cory Cadle

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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