3251 N State St - Manufactured Housing/Mobile Housing FOR SALE


Ukiah, CA 95482
$2,500,000 USD
707-570-9855
3251 N State St, Ukiah, CA for Sale
$2,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/16
null | 7.2% Cap Rate

3251 N State St
Ukiah, CA 95482


OVERVIEW

Cash cow! A unique income-producing asset on State Street that delivers a 7.2% cap rate across multiple revenue streams in one of Mendocino County's most accessible commercial corridors! This mixed-use multi-family offering combines 10 garden-level apartment units, 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!

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

24

PRICE/UNIT

$104,167

CAP RATE

7.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Traveller's Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

I1

APN/PARCEL ID

169-120-16-00

ASK ABOUT THIS PROPERTY

Todd SchapmireW Real EstateMore Info
707-570-9855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Todd SchapmireW Real EstateMore Info
707-570-9855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.