$499,000 Price Analysis    ♡   Willits, CA 95490 Unknown bed None bath 2,612 SqFt ($191/SqFt) 2,901SqFt lot. Built 1940 Listed 2024-02-14, Taxes $5,308 | ✓ USDA Eligible near Willits, CA Restrictions may apply due to home size |
Cash cow investment opportunity!
* Sale Pending *Nearly a 7% cap rate for a five unit apartment building in downtown Willits. Unit mix is one studio, three one-bedrooms and a two-bedroom apartment, each with a full kitchen, separate entrance and separate electric meters.
Located dwntown a block from Main Street's restaurants and shops. G reat opportunity to begin or continue building a real estate investment portfolio!
Presented by Todd Schapmire at
W Real Estate.
Property MLS #324004581 from Bareis
Laundry Features: Varies by Unit
Cooling Features: Ceiling Fan(s)
Heating Features: Wall Furnace
Heating Features: Wall Furnace
Lot Size Acres: 0.0666
Lot Size Square Feet: 2901
Lot Size Square Feet: 2901
Parking Features: Street
Association: No
Calculated Total Monthly Association Fees: 0
Calculated Total Monthly Association Fees: 0
Number of Buildings: 1
Number of Units: 5
Number of Studio Units: 1
Number of 1 Bedroom Units: 3
Number of 2 Bedroom Units: 1
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: Studio
Number of Units: 5
Number of Studio Units: 1
Number of 1 Bedroom Units: 3
Number of 2 Bedroom Units: 1
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: Studio
Source Listing Status: Pending
County: Mendocino
Cross Street: Muir Ln & W Van Ln
Directions: From Main Street, west on West Vane Lane about 1.5 blocks. Just past Muir Lane on the left.
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: 3400
Property Subtype: 5 or More Units
Source System Name: C2C
County: Mendocino
Cross Street: Muir Ln & W Van Ln
Directions: From Main Street, west on West Vane Lane about 1.5 blocks. Just past Muir Lane on the left.
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: 3400
Property Subtype: 5 or More Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $35,941 + $6,382 $42,323 | $5,308 |
| 2021 | $34,905 + $6,211 $41,116 | $5,304 |
| 2019 | $34,221 + $6,089 $40,310 | $5,290 |
| 2018 | $33,550 + $5,969 $39,519 | $4,906 |
| 2017 | $32,892 + $5,852 $38,744 | $4,620 |
| 2016 | $32,248 + $5,738 $37,986 | $4,358 |
| 2015 | $31,763 + $5,652 $37,415 | $4,341 |
| 2014 | $31,141 + $5,541 $36,682 | $4,336 |
| 2013 | $31,001 + $5,516 $36,517 | $4,336 |
| 2012 | $30,393 + $5,408 $35,801 | $4,266 |
| 2010 | $29,797 + $5,302 $35,099 | $3,653 |
| 2009 | $29,645 + $5,275 $35,393 | $3,447 |
| 2009 | $29,575 + $5,262 $35,296 | $3,447 |
| 2008 | $29,063 + $5,171 $34,722 | $3,090 |
| 2007 | $28,494 + $5,070 $34,281 | $2,779 |
Listed 2024-02-14
$499,000
Bareis
$499,000
Bareis
Total Square Feet Living: 2612
Year Built: 1940
Levels: Two
Property Age: 84
Structure Type: Apartments, Garden Apartments
Year Built: 1940
Levels: Two
Property Age: 84
Structure Type: Apartments, Garden Apartments
Sewer: Public Sewer
Water Source: Public
Water Source: Public
Brookside Elementary School is a public elementary school located approximately 0.3 miles away.
Map directions
Map directionsWillits High School is a public high school located approximately 0.4 miles away.
Map directions
Map directionsBaechtel Grove Middle School is a public middle school located approximately 0.8 miles away.
Map directions
Map directionsTrinity Holiness Academy is a private elementary, middle and high school located approximately 0.4 miles away.
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.