Exceptional Investor Opportunity with 9%+ Pro-Forma Cap Rate! This fully occupied 8-plex in the heart of Willows generates 97K in annual rental income. Each unit offers 2 bedrooms and 1 bath, with two recently remodeled units currently leased at $1,300, and the remaining six at $1,000. With income potential up to $125,000 annually, this property is primed for increased returns. Ideally situated near parks, schools, the library, dining, and shopping, it's perfectly positioned for maximum value and convenience!
Pending
$925,000
138 S Plumas St, Willows, CA 95988
16beds
6,200sqft
Est.:
5 or More Units
Built in 1979
-- sqft lot
$870,600 Zestimate®
$149/sqft
$-- HOA
What's special
Recently remodeled units
- 266 days
- on Zillow |
- 41 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 04:25pm
Listed by:
DRE #01484623 916-400-0000,
eXp Realty of California Inc.,
Andrew Boley DRE #02201769 916-952-0411,
eXp Realty of Northern CA Inc
Source: MetroList Services of CA,MLS#: 224109549
Originating MLS: MetroList Services, Inc.
Originating MLS: MetroList Services, Inc.Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Carpet, Tile, Laminate
Interior area
- Total structure area: 6,200
- Total interior livable area: 6,200 sqft
Property
Parking
- Total spaces: 16
- Parking features: Detached
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.45 Acres
Details
- Zoning: multiunit
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Frame, Wood Siding
Condition
- Year built: 1979
Community & HOA
HOA
- Has HOA: No
Location
- Region: Willows
Financial & listing details
- Price per square foot: $149/sqft
- Price range: $925K - $925K
- Date on market: 10/1/2024
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