For Sale
$515,000

105 Oak Manor Dr Ukiah, CA 95482

Updated 2-unit, high-occupancy apartment building.

Overview

Added:
Dec 11, 2024
Days on market:
136
This meticulously maintained Class A apartment building presents a compelling investment opportunity in Ukiah, California. Located at 105 Oak Manor Dr, 95482, this single-story, 1,760 square foot duplex boasts 100% occupancy as of June 3, 2024. Built in 1973 and extensively renovated in 2022, the property features two units, each priced at $257,500, for a total asking price of $515,000. The property sits on an 8,092 square foot lot zoned for multi-family use. The Net Operating Income (NOI) is $34,440, resulting in a 6.69% capitalization rate. The price per square foot is $292.61. This turnkey investment offers immediate cash flow and is ideally situated near schools and shopping, making it attractive to both renters and investors. The property's excellent condition and strong financial performance make it a rare find in the current market. This is a sale/leaseback opportunity.

Highlights

  • $515,000 asking price for this Class A multifamily investment property.
  • 1,760 square feet, 2-unit apartment building on an 8,092 square foot lot in Ukiah, CA.
  • 6.69% cap rate with a $34,440 Net Operating Income (NOI).
  • 100% occupancy, with an occupancy date of June 3, 2024.
  • $292.61 price per square foot and $257,500 price per unit.
  • Built in 1973 and renovated in 2022.

Property Details for 105 Oak Manor Dr

Property type
Apartment buildings
Square Feet
1,760 SF
Class
A
Year Built/Renovated
1973/2022
Buildings
1
Stories
1
Units
2

Location Insight

City
Ukiah
County
Mendocino
State
California
Latitude
39.151482068683
Longitude
-123.19277594026

FAQs

What type of property is this?
Apartment building - Updated 2-unit, high-occupancy apartment building.
Where is the apartment building located?
The property is located at 105 Oak Manor Dr Ukiah, CA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: $515,000 asking price for this Class A multifamily investment property.; 1,760 square feet, 2-unit apartment building on an 8,092 square foot lot in Ukiah, CA.; 6.69% cap rate with a $34,440 Net Operating Income (NOI).
How can I contact the broker?
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105 Oak Manor Dr
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