205 N Shasta St - Apartments FOR SALE


Willows, CA 95988
$495,000 USD
916-303-0133
205 N Shasta St, Willows, CA for Sale
$495,000 USD
Apartments - FOR SALE
1/6
null | 9.86% Cap Rate

205 N Shasta St
Willows, CA 95988


HIGHLIGHTS

  • Seller financing available
  • Tenants pay for all metered utilities
  • Majority two-bedroom units with W/D hook-ups (varies)
  • Vacant units can be leased at market rates
  • Lease to qualified tenants
  • Ideal project for investors seeking long-term growth

OVERVIEW

*Since the property is mostly vacant and has deferred maintenance, the figures provided are PROFORMA and does not include the cost to renovate. Each buyer should obtain their own contractor bids and make their own financial analysis backing in the cost of repairs.* Rare investor rehab special with 4 vacant units which renovated can be leased at market rates. An investor has the option to utilize Seller-Financing freeing up cash for making improvements. This property includes a duplex and a triplex. Four (4) of the units are comprised of 2 Bedroom / 1 Bath units. The Tenants pay all utilities since the units are separately metered for water, sewer, garbage, electrical, and gas. The duplex units feature washer and dryer hook-ups and (1 ) of the units has a fenced yard. The roof was renovated in 2024, and while the property requires renovations, it a great value-add opportunity. Two (2) of the units are currently occupied by non-paying tenants. The units have significant deferred maintenance which will require a full renovation. 205 N Shasta St, Willows, CA. Located in the heart of town, this property offers easy access to local amenities, restaurants, and attractions. Near Willows Memorial Park, historic downtown, and nearby shops and restaurants. The property is also close to I-5 and key spots like Walmart, Starbucks, the Municipal Airport, and Thunderhill Raceway Park. Employment: Willows is heavily involved in the Agricultural and Farming sectors. In addition, there are larger Government sector employers such as Glenn County, City of Willows, and Willows Unified School District. There's also employment opportunities through Glenn Medical Center, Flagged Hotels, quick service restaurants, diners, and local retailers. Well-maintained homes and renovated apartments surround this property.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

5

PRICE/UNIT

$99,000

CAP RATE

9.86%

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investor Special - Seller Financing Available

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,275 SF

ZONING

R-P

APN/PARCEL ID

002-151-012-000

ASK ABOUT THIS PROPERTY

Adrian Del RioPCG CommercialMore Info
916-303-0133

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Adrian Del RioPCG CommercialMore Info
916-303-0133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.