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2020 S Dora St 2020 S Dora St 5 Unit Apartment Building $1,100,000 ($220,000/Unit) 6.56% Cap Rate Ukiah, CA 95482

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INVESTMENT HIGHLIGHTS

  • Upgraded & Remodeled Units
  • Fully Rented
  • Carport Parking & Storage & On Site Laundry
  • Brand New Roof
  • Central Heating & Air
  • Upgraded Balcony & Stairs

EXECUTIVE SUMMARY

A rare opportunity to acquire a pristine, completely renovated 5-unit complex, offered in a truly turnkey condition. This exceptional property boasts extensive capital improvements, including a brand new roof and upgraded stairs and balcony, ensuring minimal future maintenance and maximum longevity. The unit mix is ideal for strong rental demand: four spacious 2-bedroom/1-bathroom units and one large 4-bedroom/2-bathroom unit. Every single residence has been thoroughly updated and features modern tenant-friendly amenities, most notably central heating and air conditioning, range & refrigerator in all five units, a hood microwave in 4 and a hood and dishwasher in unit 5. Predominately vinyl plank flooring. Four units enjoy private rear balconies via sliding glass doors, while the 4-bedroom unit offers an extra-spacious, fenced private rear yard. Tenant convenience is further enhanced by dedicated, covered carport parking spaces, individual storage lockers for each unit, and a common laundry room. This is a hassle-free, stabilized asset.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $102,300 $11.36
Other Income $4,200 $0.47
Vacancy Loss - -
Effective Gross Income $106,500 $11.82
Taxes $7,302 $0.81
Operating Expenses $27,066 $3.00
Total Expenses $34,368 $3.82
Net Operating Income $72,132 $8.01

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $102,300
Annual Per SF $11.36
Other Income
Annual $4,200
Annual Per SF $0.47
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $106,500
Annual Per SF $11.82
Taxes
Annual $7,302
Annual Per SF $0.81
Operating Expenses
Annual $27,066
Annual Per SF $3.00
Total Expenses
Annual $34,368
Annual Per SF $3.82
Net Operating Income
Annual $72,132
Annual Per SF $8.01

PROPERTY FACTS

Price $1,100,000
Price Per Unit $220,000
Sale Type Investment
Cap Rate 6.56%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.30 AC
Building Size 9,008 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1978/2025
Parking Ratio 2.4/1,000 SF
Opportunity Zone Yes
Zoning R3:6K - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Vinyl Flooring

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 $1,513 1,000
4+2 1 $2,350 1,800

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
180-200-16-00
Land Assessment
$135,304
Improvements Assessment
$461,656
Total Assessment
$596,960
Annual Taxes
$7,302 ($0.81/SF)
Tax Year
2025
  • Listing ID: 38306149

  • Date on Market: 11/3/2025

  • Last Updated:

  • Address: 2020 S Dora St, Ukiah, CA 95482

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