$950,000 Price Analysis    ♡   Willits, CA 95490 8 bed None bath unknown SqFt ($0/SqFt) 7,684SqFt lot. Built 1940 Listed 2024-05-01, Taxes $7,707 | May be USDA loan restricted due to income limits near Willits |
Renovated 8-unit apartment complex in Willits presents an exceptional investment opportunty.
Spanning two lots, the property features eight 1-bedroom, 1-bathroom units, with four units situated in a two-story configuration. The comprehensive upgrades include a replaced foundation, new staircases and decks, as well as the installation of modern gas lines, plumbing and electrical systems.
Additionally, the property boasts new drywall, insulation, kitchens, bathrooms, flooring, heating systems, windows, doors and siding, ensuring a turnkey investment. With a tremendous capitalization rate, this well-appointed multifamily asset is poised to deliver consistent r eturns for discerning investors seeking to expand their real estate portfolio in the thriving Willits market.
Presented by Christina Yates at
Luxe Places International .
Property MLS #324031706 from Bareis
Window Features: Dual Pane Partial
Lot Size Acres: 0.1764
Lot Size Square Feet: 7683
Parking Total: 10
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Number of 1 Bedroom Units: 8
Full Bathrooms in the 1 Bedroom Units: 1
Full Bathrooms in the 2 Bedroom Units: 1
Full Bathrooms in the 3 Bedroom Units: 1
Full Bathrooms in the 4 Bedroom Units: 1
Unit-1 Description: 1 bed/ 1 bath, new flooring, kitchen and bath.
County: Mendocino
Cross Street: Hwy 101
Directions: Hwy 101 to Main Street.
Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. Copyright 2024 Rapattoni Corporation. All rights reserved. U.S. Patent 6, 910, 045
Source Property Type: Residential Income
Area: Willits
Source Neighborhood: Willits
Postal Code Plus 4: 3113
Property Subtype: 5 or More Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $245,975 + $89,349 $335,324 | $7,707 |
| 2021 | $238,680 + $86,700 $325,380 | $7,681 |
| 2019 | $54,816 + $6,089 $60,905 | $4,610 |
| 2018 | $53,741 + $5,969 $59,710 | $4,276 |
| 2017 | $52,688 + $5,852 $58,540 | $4,041 |
| 2016 | $51,655 + $5,738 $57,393 | $3,830 |
| 2015 | $50,879 + $5,652 $56,531 | $3,824 |
| 2014 | $49,883 + $5,541 $55,424 | $3,825 |
| 2013 | $49,658 + $5,516 $55,174 | $3,834 |
| 2012 | $48,684 + $5,408 $54,092 | $3,791 |
| 2010 | $47,730 + $5,302 $53,032 | $3,311 |
| 2009 | $47,486 + $5,275 $61,521 | $3,155 |
| 2009 | $47,373 + $5,262 $60,075 | $3,155 |
| 2008 | $46,555 + $5,171 $61,686 | $2,871 |
| 2007 | $45,642 + $5,070 $50,712 | $2,512 |
$950,000
Bareis
Sold 2018-11-17
$550,000
Bareis
Listed 2018-09-11
$598,000
Bareis
Sold 1993-06-01
$22,500
Public Record
Levels: Two
Property Age: 84
Property Condition: Updated/Remodeled
Roof: Composition
Structure Type: Apartments
City
Electric
Water Source: Meter on Site, Public
Map directions Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.