1475 Baechtel Rd Willits, CA 95490
101-unit senior apartment complex with expansion potential in Willits, CA.
Type:Multifamily
Lot size:
7.18 Acres- Added:
- Jul 15, 2024
- Days on Market:
- 654
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1475 Baechtel Rd
General Information
- Standard status
- Active
- Lot size
- 7.18 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1989
Listing agent Isaak Heitzeberg License #CA01989468
Listing office Marcus & Millichap - Sacramento
Listing date Jul 15, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Sacramento
Overview
Active Senior Apartment Building
Redwood Meadows is a 101-unit active senior apartment complex located in Willits, CA. Situated on 7.18 acres, the property includes an on-site clubhouse, garden, new drought-tolerant landscaping, and rentable storage units. The unit mix is comprised of 4 studios, 58 one-bedroom units, and 39 two-bedroom units. The city is open to the addition of up to 15 units on the premises. Located in the center of town, next to the Senior Center, the property provides convenient access to shopping, healthcare, and entertainment. The property presents a steady cash flow with potential for rent increases and new construction. The property has a loan of approximately 4,600,000 that can be assumed at a 5.13% interest rate. The lender will also allow a second to be placed on the property to take advantage of the locked in lower interest rate while still improving LTV if the buyer chooses to. Willits, known as the "Gateway to the Redwoods," has a population of approximately 5,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Redwood Meadows Senior ...
Apartment Complex
Redwood Meadows Senior ...
Retirement Community
Redwood Meadows Senior ...
Garden Center
Location Insight
- Map
- Local Demand
- City
- Willits
- County
- Mendocino
- State
- California
- Longitude
- -123.3431007
- Latitude
- 39.3957988
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 101-unit senior apartment complex with expansion potential in Willits, CA.
Where is this apartment building located?
The property is located at 1475 Baechtel Rd Willits, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Opportunity to add up to 15 units on‑site with city approval.; Existing assumable loan of approximately $4,600,000 at a 5.13% interest rate, with the possibility of a second loan.; Stable senior apartment complex with low turnover and steady cash flow.
