138 S Plumas St - Apartments FOR SALE


Willows, CA 95988
$925,000 USD
916-730-3846
138 S Plumas St, Willows, CA for Sale
$925,000 USD
Apartments - FOR SALE
1/58
null | 6.8% Cap Rate

138 S Plumas St
Willows, CA 95988


HIGHLIGHTS

  • Willows is in northern California’s Central Valley, about 90 miles north of Sacramento and 25 miles west of Chico.

OVERVIEW

Exceptional Investor Opportunity with 9%+ Pro-Forma Cap Rate! This fully occupied 8-plex in the heart of Willows generates $97,200 in annual rental income. Each unit offers 2 bedrooms and 1 bath, with two recently remodeled units currently leased at $1,300, See the unit mix and rent roll below for the remaining six. With an annual income potential of up to $125,000, 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! LOCATION HIGHLIGHTS Willows, CA, is a small, charming city in Glenn County known for its rural feel and community-oriented lifestyle. Here’s an overview that may interest potential residents and investors: Location and Boundaries Willows is in northern California’s Central Valley, about 90 miles north of Sacramento and 25 miles west of Chico. Its compact area near I-5 and Highway 162 is easily accessible and surrounded by scenic agricultural lands. Quality of Living Willows has a laid-back, small-town atmosphere ideal for those preferring rural settings. Living costs are affordable compared to larger California cities, attracting families and retirees. Local events and festivals add to its community feel. Schools and Education The Willows Unified School District serves the area with several schools, including Willows High, which offers athletics and CTE programs. Nearby colleges like CSU Chico and Butte College offer higher education options. Demographics With around 6,000 residents, Willows has a diverse, multi-generational community, including a significant Hispanic/Latino population. Most residents own their homes, contributing to the city’s stable residential feel. Crime Rate Willows has a relatively low crime rate, particularly in non-violent incidents. The small-town environment and proactive local police enhance its reputation as a safe community. Recreation and Amenities Willows features parks, including Jensen Park, and is close to the Sacramento National Wildlife Refuge and Black Butte Lake for outdoor activities. Dining and shopping include local eateries and national retail options. Why People Choose Willows People are drawn to Willows for its small-town charm, affordability, and safety. Families appreciate the convenience, retirees the peaceful lifestyle, and those seeking rural surroundings enjoy its proximity to natural attractions and urban amenities. Willows, CA, offers a blend of affordability, safety, and small-town charm, attracting diverse residents and making it a solid investment area with stable rental demand. The one unit rented for $500 reflects a credit for management services. Listing Courtesy of: AMIR CACKOVIC Broker/Associate eXp Realty: License #: 01484623 ANDREW BOLEY eXp Realty License #: 02201769

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

8

PRICE/UNIT

$115,625

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,748 SF

ZONING

R-P

APN/PARCEL ID

002-171-003-000

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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Ron BenningRon BenningMore Info
916-730-3846

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