1475 Baechtel Rd Willits, CA 95490
Property profile & analytics
1475 Baechtel Rd, Willits, CA 95490
- Apartment buildings
Property ID
US09-0235972
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Redwood Meadows Senior Apartments / Apartment Complex
- Redwood Meadows Senior Housing / Retirement Community / Nursing Home
- Redwood Meadows Senior Garden / Garden Center / Landscaping
Property Details for 1475 Baechtel Rd
- Year built
- 1989
- Property type
- Apartment buildings
- Property subtype
- Senior Housing / Retirement Homes
Description
Marcus and Millichap is proud to present the opportunity to present Redwood Meadows. Redwood Meadows is a 101 unit, Active Senior Apartment located in Willits CA. The subject property boasts a onsite club house, garden, new drought tolerant landscaping, and storage units for rent. The unit make up of the property is also advantageous, with 4 studios, 58 1 bedrooms, and 39 two bedrooms. The property sits on 7.18 Acres and has land available, and the city is enthusiastic about adding up to 15 units onsite. With such strong demand, the new owner will have the ability to start building while enjoying the current steady cash flow. Redwood Meadows is located right in the middle of Willits CA, located directly next to the Senior Center. In the center of town, the location allows easy transportation to shopping, health care, and entertainment. The savvy investor will quickly realize the steady nature of senior apartments. Unlike many apartments, seniors consider the apartment their home. Turnover is low, and the residents take far better care of their units. In addition, there is a loan on the property 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. The right buyer will see the rare opportunity to purchase a stable senior apartment, with upside in rents and the ability to build new units on site.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Willits
- County
- Mendocino
- State
- California
- Longitude
- -123.3431007
- Latitude
- 39.3957988
