Exceptional Investor Opportunity with 9%+ Pro-Forma Cap Rate! This fully occupied 8-plex in the heart of Willows generates $103,000 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!
This investment opportunity is back on the market, at no fault by the sellers. This quadraplex combines a classic 2-unit residence plus a 2-unit carriage house, offering charm and cash flow. Updates include a new roof and HVAC system within the last 6 years. Explore the potential of this income property and discover how it can enhance your portfolio or serve as a residence with an added income opportunity.
The median home value in Willows, CA is $285,562. This is lower than the county median home value of $340,100. The national median home value is $338,100. The average price of homes sold in Willows, CA is $285,562. Approximately 48.2% of Willows homes are owned, compared to 36.41% rented, while 15.39% are vacant. Willows 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 Willows real estate agent to arrange a tour today!
Willows, California has a population of 6,241. Willows is more family-centric than the surrounding county with 41.89% of the households containing married families with children. The county average for households married with children is 34.48%.
The median household income in Willows, California is $53,250. The median household income for the surrounding county is $56,332 compared to the national median of $69,021. The median age of people living in Willows is 31.3 years.
The average high temperature in July is 94.6 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 24.3 inches per year, with 0.1 inches of snow per year.