Investor Special - Seller Financing Available | 205 N Shasta St
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Investor Special - Seller Financing Available 205 N Shasta St
5 Unit Apartment Building $703,890 CAD ($140,778 CAD/Unit) 9.86% Cap Rate Willows, CA 95988
Investment Highlights
- Seller financing available
- Majority two-bedroom units with W/D hook-ups (varies)
- Lease to qualified tenants
- Tenants pay for all metered utilities
- Vacant units can be leased at market rates
- Ideal project for investors seeking long-term growth
Executive Summary
*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.
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.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,920 CAD | 880 |
| Studios | 1 | $1,351 CAD | 880 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 002-151-012-000 | Improvements Assessment | $410,730 CAD |
| Land Assessment | $56,026 CAD | Total Assessment | $466,757 CAD |
PROPERTY TAXES
Parcel Number
002-151-012-000
Land Assessment
$56,026 CAD
Improvements Assessment
$410,730 CAD
Total Assessment
$466,757 CAD
zoning
| Zoning Code | R-P (Residential) |
| R-P (Residential) |
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Investor Special - Seller Financing Available | 205 N Shasta St
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