For Sale
$1,200,000

1550 Bush StUkiah, CA 95482

Six-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a well-maintained, six-unit apartment building located at 1550 N Bush St, Ukiah, CA 95482. The property, built in 1984 and renovated in 2013, boasts a total of 4,592 square feet situated on a 0.34-acre lot. The building consists of one single-story structure featuring a mix of unit sizes: four two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units, ensuring a diverse tenant base. Currently operating at 100% occupancy, this property generates a substantial NOI of $97,608, representing an attractive 8.13% cap rate. The asking price is $1,200,000, translating to $261.32 per square foot and $200,000 per unit. Conveniently located near shopping, public transportation, and schools, this property benefits from its prime location and strong rental demand. The property is zoned R3 and features on-site coin-operated laundry, adding further value and convenience for residents. The APN is 170-220-15-00. This is a turnkey investment ideal for expanding a portfolio or entering the real estate market. The property's strong performance and desirable location make it a compelling investment opportunity.

Highlights

  • Six-unit apartment building in Ukiah, CA, offering a strong 8.13% cap rate.
  • 4,592 sq ft building on a 0.34-acre lot, built in 1984, renovated in 2013.
  • Unit mix: four 2bd/1ba and two 1bd/1ba units; currently 100% occupied, generating $97,608 NOI.
  • Asking price: $1,200,000 ($261.32/sq ft, $200,000/unit).
  • Excellent location near shopping, schools, and public transportation; R3 zoning.
  • On-site coin-operated laundry.

Property Details for 1550 Bush St

Property type
Apartment buildings
Square Feet
4,592 SF
Class
C
Year Built/Renovated
1984/2013
Buildings
1
Stories
1
Lot Size (sq. ft)
14,810 SF
Units
6

Location Insight

City
Ukiah
County
Mendocino
State
California
Latitude
39.1697227
Longitude
-123.2153552
1550 Bush St, Ukiah, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1550 Bush St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message