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362 N Main Street

Willits, CA 95490
  • $950,000
  • STATUS: Active
  • ON SITE: 49 Days
  • ID#: 324031706
$950,000
  • 4
    BEDS
  • 0.18
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

Renovated 8-unit apartment complex in Willits presents an exceptional investment opportunity. 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 great capitalization rate, this well-appointed multifamily asset is poised to deliver consistent returns for discerning investors seeking to expand their real estate portfolio in the thriving Willits market.

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© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-06-19T23:57:15.16.
www.countryestatesinc.com/homes/150098828
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362 N Main Street Willits, CA 95490

  • Price: $950,000
  • Status: Active
  • On Site: 49 Days
  • ID#: 324031706
4
Beds
4
Baths
0
½ Baths
0.18
Acres
1940
Built
Neighborhood:
Willits
County:
Mendocino
Area:
Willits
Property Description
Renovated 8-unit apartment complex in Willits presents an exceptional investment opportunity. 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 great capitalization rate, this well-appointed multifamily asset is poised to deliver consistent returns for discerning investors seeking to expand their real estate portfolio in the thriving Willits market.
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Levels Two Lot Features PrivateShape Irregular Open Parking Spaces 0 Parking Features Uncovered Parking Total 10 Roof Composition Tandem Parking Spaces 0 View CityMountains

Interior Features

1 Bedroom Units Total 8 2 Bedroom Units Total 0 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances Other Commercial Units Total 1 Cooling None Flooring Laminate Heating Wall Furnace Laundry Features In Common Area Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Gross Income 111600 Property Condition Updated/Remodeled Property Sub Type 5 or More Units Property Type ResidentialIncome Separate Meters ElectricityGas Sewer Sewer in Street Subtype Description Apartments Utilities CityElectric Water Source Meter on SitePublic

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Christina Yates of Luxe Places International Realty: 707-462-1600.


© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-06-19T23:57:15.16.
 
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