530 - 570 Talmage Rd
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530 - 570 Talmage Rd
16 Unit Apartment Building $3,254,109 CAD ($203,382 CAD/Unit) 5.99% Cap Rate Ukiah, CA 95482
Investment Highlights
- Stable tenant-base and strong rents
- Well-maintained with newer roof and exterior paint, units are updated as necessary during tenant turnovers
- Great central location close to major shopping area, schools and freeway access
- Development potential with C-1 zoning
Executive Summary
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, 572+/- 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 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.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,254,109 CAD | Lot Size | 1.02 AC |
| Price Per Unit | $203,382 CAD | Building Size | 9,150 SF |
| Sale Type | Investment | Average Occupancy | 90% |
| Cap Rate | 5.99% | No. Stories | 1 |
| No. Units | 16 | Year Built | 1947 |
| Property Type | Multifamily | Cross Streets | State Street |
| Property Subtype | Apartment |
| Price | $3,254,109 CAD |
| Price Per Unit | $203,382 CAD |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 1.02 AC |
| Building Size | 9,150 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1947 |
| Cross Streets | State Street |
Unit Amenities
- Refrigerator
- Range
- Built-In Bookshelves
- Double Pane Windows
- Smoke Free
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,454 CAD | 9,150 |
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PROPERTY TAXES
| Parcel Number | 003-150-58-00 | Total Assessment | $717,686 CAD |
| Land Assessment | $161,939 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $555,747 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
003-150-58-00
Land Assessment
$161,939 CAD
Improvements Assessment
$555,747 CAD
Total Assessment
$717,686 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | C-1 |
| C-1 |
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530 - 570 Talmage Rd
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