NOT LISTED FOR SALE
2 Beds
1 Bath
4,400 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: December 11, 2024

Last sale price $400,000 $91 Per Sq Ft

22 Days on Market

Highlights

  • Corner Lot
  • Mini Split Air Conditioners
  • 1-Story Property
  • No HOA
  • Vinyl Flooring
  • 3-minute walk to Willows City Recreation Department

About This Home

As of December 2024

*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.

Last Agent to Sell the Property

Adrian Del Rio

PCG Commercial, Inc License #01431059 Listed on: 09/17/2024

Last Buyer's Agent

Adrian Del Rio

PCG Commercial, Inc License #01431059 Listed on: 09/17/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,450

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions: 0.17
  • Corner Lot

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation
  • Masonry
  • Stucco

Interior Spaces

  • 4,400 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, sewer, gas, water
  • Assessor Parcel Number 002-15-1-012-0

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 2 Leased Units
  • 3 Vacant Units
  • 2 Units Leased Month-To-Month
  • Net Lease
  • Insurance Expense $3,500
  • Maintenance Expense $4,500
  • Operating Expense $25,272
  • Net Operating Income $48,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,450

Year Built

Built in 1930

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments, House(s)
  • Property Subtype 1: 5 or More Units
  • Year Built: 1930
  • Levels: One
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Vinyl
  • Price Per Square Foot: 90.91
  • Square Footage: 4400.00

Exterior Features

  • Construction Materials: Stucco, Wood, Masonry
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 495000.00
  • Lot Features: Corner, Sidewalk
  • New Construction: No
  • Pool: No
  • Spa: No
  • Topography: Level,Level

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, City, Electric
  • Cooling: Window Unit(s), Individual
  • Heating: Gas, Wall Furnace
  • Laundry Features: Varies by Unit, Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Other

Lot Info

  • Zoning: Residential or Professional office uses
  • Irrigation: Public District
  • Lot Dimensions: 0.17
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Gas, Water
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Operating Expense: 25272
  • Income Includes: ["Rent Only"]
  • Insurance Expense: 3500
  • Maintenance Expense: 4500
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 5
  • Number of Vacant Units: 3

Tax Info

  • Assessor Parcel Number: 002-15-1-012-0
  • Current RE Taxes: 8450
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Glen
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2024 12/11/24 Sold $400,000 0.0% $91 / Sq Ft
10/16/2024 10/16/24 Off Market $400,000 -- --
10/09/2024 10/09/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $495,000 +65.1% $113 / Sq Ft
03/13/2018 03/13/18 Sold $299,900 -11.8% $93 / Sq Ft View Prior Sale
01/24/2018 01/24/18 Pending -- -- --
08/28/2017 08/28/17 For Sale $339,999 +78.9% $106 / Sq Ft
07/13/2016 07/13/16 Sold $190,000 0.0% -- View Prior Sale
07/13/2016 07/13/16 Sold $190,000 -28.3% $83 / Sq Ft View Prior Sale
07/13/2016 07/13/16 Pending -- -- --
07/11/2016 07/11/16 Pending -- -- --
07/12/2015 07/12/15 For Sale $265,000 0.0% --
03/14/2015 03/14/15 For Sale $265,000 -- $115 / Sq Ft
Source: MetroList

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,112 $400,000 $50,000 $350,000
2024 $6,112 $334,540 $40,156 $294,384
2023 $5,840 $327,981 $39,369 $288,612
2022 $4,337 $321,551 $38,598 $282,953
2021 $5,271 $315,247 $37,842 $277,405
2020 $6,016 $312,015 $37,454 $274,561
2019 $5,994 $305,898 $36,720 $269,178
2018 $4,747 $193,800 $32,640 $161,160
2017 $4,730 $190,000 $32,000 $158,000
2016 $3,464 $76,650 $24,150 $52,500
2015 -- $73,000 $23,000 $50,000
2014 $3,432 $73,500 $23,100 $50,400
Source: Public Records

Agents Affiliated with this Home

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Source: MetroList

MLS Number: 224103682

MetroList
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