Bought with Drew Nicoll Jr • eXp Realty of California, Inc
Luxe Places International Realty
$730,000
$775,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
2,222 Beds
8 Baths
7,683 Sqft Lot
SOLD DATE : 01/02/2025
Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 324031706
Sold Date 01/02/25
Bedrooms 2222
HOA Y/N No
Year Built 1940
Lot Size 7,683 Sqft
Property Description
Amazing Opportunity! 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 upgrades include a replaced foundation, new staircases and decks, as well as 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 multifamily asset is poised to deliver consistent returns for discerning investors seeking to expand their real estate portfolio in the growing Willits market.
Location
State CA
County Mendocino
Area Willits
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Exterior
Parking Features Uncovered
Garage Spaces 10.0
Utilities Available City, Electric
Roof Type Composition
Building
Sewer Sewer in Street
Water Meter on Site, Public
Others
Special Listing Condition None
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