Skip To Content

39 W Van Lane

Willits, CA 95490
  • $499,000
  • STATUS: Active Under Contract
  • ON SITE: 68 Days
  • ID#: 324004581
Under Contract
$499,000
  • 4
    BEDS
  • 0.07
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,612
    SQFT
  • $191
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

Cash cow investment opportunity! 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 downtown just a block from Main Street's restaurants and shops. Great opportunity to begin or continue building a real estate investment portfolio!

Monthly Payment Calculator



© 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 Linda Blair | ResCom Properties. Data last updated: 2024-04-21T14:43:27.767.
www.rescom-properties.com/homes/147591146
Print Image

39 W Van Lane Willits, CA 95490

  • Price: $499,000
  • Status: Active Under Contract
  • On Site: 68 Days
  • ID#: 324004581
4
Beds
4
Baths
0
½ Baths
0.07
Acres
2,612
SQFT
$191
$/SQFT
1940
Built
Neighborhood:
Willits
County:
Mendocino
Area:
Willits
Property Description
Cash cow investment opportunity! 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 downtown just a block from Main Street's restaurants and shops. Great opportunity to begin or continue building a real estate investment portfolio!
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Levels Two Lot Features None Open Parking Spaces 0 Parking Features Street Parking Total 0 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 3 2 Bedroom Units Total 1 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling Ceiling Fan(s) Heating Wall Furnace Laundry Features Varies by Unit Studio Units Total 1

Property Features

Association Fee 0 Association YN No Auction No Gross Income 56725 Property Sub Type 5 or More Units Property Type ResidentialIncome Separate Meters Electricity Sewer Public Sewer Subtype Description ApartmentsGarden Apartments Water Source Public

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Todd Schapmire of W Real Estate: 707-591-0570.


© 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 Linda Blair | ResCom Properties. Data last updated: 2024-04-21T14:43:27.767.
 
https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_2_90722628-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_2_90722628-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_2_90722628-2.jpg
Logo
Linda Blair | ResCom Properties
376 First Street
Benicia CA, 94510