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362 N Main Street

Willits, CA 95490

– beds
– baths
– sqft
7,684 sqft lot
1940 build
– on site

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.

Listing courtesy of BAREIS / Christina Yates / Luxe Places International Realty

Last checked: Checking… • Last updated Nov 22, 2024 •

MLS# 324031706 —

The Building

Year Built:

1940
Year Built Source:

Other
Window Features:

Dual Pane Partial
Subtype Description:

Apartments
Roof:

Composition
Levels:

Two
# of Buildings:

3
# of Floors:

2
# of Units Total:

8
SqFt:

0 Sqft

Interior

Flooring:

Laminate

Location

Directions:

Hwy 101 to Main Street.
Area:

Willits
Cross Street:

Hwy 101

The Property

Property Type:

Residential Income
Property Type:

5 or More Units
Lot Features:

Private, Shape Irregular
7684

Lot SqFt:
Lot Size Measurement:

Acres
Lot Size Source:

Assessor Auto-Fill
View Description:

City, Mountains
0.1764

Acres:

Listing Agent

Contact info:

Taxes

Assessors Parcel Number:

005-020-08-00

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Wall Furnace
Cooling:

None

Utilities

Utilities:

City, Electric
Water Source:

Meter on Site, Public
Sewer:

Sewer in Street
Separate Meters:

Electricity, Gas

Appliances

Appliances:

Other
Laundry Features:

In Common Area

The Community

Association:

No
Cap Rate:

8.00

Parking

Total Parking Spaces:

10.00
Parking Features:

Uncovered

Extra Units

# of 1 Bedroom Units:

8
# Commercial Units:

1
Unit 1 Type:

Apartment
Unit 1 Description:

1 bed/ 1 bath, new flooring, kitchen and bath.
Unit 1 Bedrooms:

2
Unit 1 # of Rooms:

3
Unit 1 Full Baths:

2
Unit 2 Type:

Apartment
Unit 2 Full Baths:

2
Unit 2 Description:

1 bed/ 1 bath, new flooring, kitchen and bath.
Unit 2 Bedrooms:

2
Unit 2 # of Rooms:

3
Unit 3 Type:

Apartment
Unit 3 Bedrooms:

2
Unit 3 Description:

1 bed/ 1 bath, new flooring, kitchen and bath.
Unit 3 Full Baths:

2
Unit 3 # of Rooms:

3
Unit 4 Type:

Apartment
Unit 4 Description:

1 bed/ 1 bath, new flooring, kitchen and bath.
Unit 4 Bedrooms:

2
Unit 4 # of Rooms:

3
Unit 4 Full Baths:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
10/16/24 Oct 16, 2024	Price Changed	BAREIS	$775,000	-6.1%
8/2/24 Aug 2, 2024	Price Changed	BAREIS	$825,000	-8.2%
6/21/24 Jun 21, 2024	Price Changed	BAREIS	$899,000	-5.4%

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This multifamily located in Willits, CA 95490 is currently for sale for $775,000. 362 N Main Street is a – square foot multifamily with – beds and – baths that has been on Estately for 207 days. This multifamily is in the attendance area of Baechtel Grove Middle School, Brookside Elementary School, Blosser Lane Elementary School, and Willits High School.

Listing courtesy of BAREIS, Luxe Places International Realty, and Christina Yates.