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.
The median home value in Willits, CA is $357,600. This is lower than the county median home value of $470,200. The national median home value is $338,100. The average price of homes sold in Willits, CA is $357,600. Approximately 32.22% of Willits homes are owned, compared to 66.41% rented, while 1.37% are vacant. Willits real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Willits real estate agent to arrange a tour today!
Willits, California has a population of 5,008. Willits is less family-centric than the surrounding county with 22.4% of the households containing married families with children. The county average for households married with children is 25.77%.
The median household income in Willits, California is $34,519. The median household income for the surrounding county is $56,378 compared to the national median of $69,021. The median age of people living in Willits is 41.7 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 32.8 degrees. The average rainfall is approximately 47.4 inches per year, with 1.1 inches of snow per year.