Approximately 8%+ in-place cap rate with additional upside through unit updates! Excellent opportunity to own a well-maintained, income-producing 7-plex in a desirable location close to shopping, dining, and everyday conveniences. This attractive multifamily property consists of seven spacious 2-bedroom, 1-bath units, each featuring separate electric and gas meters, central A/C and heat, and assigned parking spaces, with plentiful street parking available for guests. Three of the units are currently being updated, offering upside potential, while the remaining four units are move-in ready and occupied by great tenants. The property has been thoughtfully cared for and presents a low-maintenance investment with strong rental appeal. Whether you’re expanding your portfolio or acquiring your first multifamily asset, this property offers immediate income with value-add potential in a solid rental market.
10-Unit Apartment Complex - 222 W Rice St Perfect opportunity to purchase a cash flowing asset in the heart of Blythe. Unit Mix: 1 Studio Apartment - Fully remodeled including plumbing, electrical and mini split AC. 6 One-Bedroom/One-Bath Units - 4 units completely remodeled with new plumbing, electrical, and Mini split units. 3 Two-Bedroom/One-Bath Units - 1 Fully remodeled with new plumbing electrical and plumbing and mini splits. 1 remodeled by previous owner 5 years ago. Rental Status: A mix of 5 furnished and 5 unfurnished units, with some leased through Airbnb and others directly to tenants, providing flexible income streams.
Excellent opportunity to acquire a distressed property with serious upside potential. Completely vacant and ideal for investors seeking to invest in an underperforming asset with the long term goal of cash flow and appreciation Cash or renovation financing only. Buyer to verify all information, unit count, and zoning with local municipality,
Fully furnished 8 unit property with 3 buildings. All units are well-styled and have modern appliances and amenities Lot size is just under an acre offering parking for any level of need. Looking for a Airbnb opportunity? This is the one. Property is low maintenance and was renovated in 2021 and has since been well maintained. Tenants are a mix of short and longterm tenants. Great investment opportunity.
Great bungalow style property that’s been recently updated. This is a hard-to-find functional commercial space with a variety of potential uses. New upgraded vinyl fence and several covered parking spaces make this a very secure and comfortable space. Buyer to research and verify all allowable uses and zoning with local municipality.
1 Large One Bedroom/One-Bath Unit - Remodeled by prior owner within the last 10 years. 1 One-Bedroom/One-Bath Unit - Fully remodeled in 2022 including plumbing electrical, roof, stucco, insulation and central air.
4-Plex For sale with strong rents. All units have been updated with new mini split units in the bedrooms and the living rooms. All reroofed at the end of 2024. 4 One-Bedroom/One-Bath Units - 2 units completely replumbed, one of which was fully remodeled, one unit with just a fully remodeled bathroom. The other 2 units remodeled by prior owners within the last 5 years. Rental Status: Includes 1 furnished unit leased as medium-term rental, appealing to transient professionals and travelers.
Welcome to a lucrative investment opportunity in the heart of Blythe, California! This income-generating property sits on a spacious 1.6-acre lot and offers a diverse mix of units. Solar panels & RV hookups are located on the land which not only gives savings but possibilities of further creative income. Located a few miles from town & the Colorado River.Unit Breakdown:1. Main House: A comfortable residence that can serve as owners quarters or as a higher-rent unit.2. Six Studio Units3. Four Additional Units: These range from one to two bedrooms.4. Mobile Home: There is a 2 bedroom mobile home that generates additional income, though not included in the main inventory.
Attention investors! Welcome to this lucrative multi-family income producing property in Blythe, CA! This hidden gem is located in a quiet area on the outskirts of town, but still within very close proximity to all the necessities. The 4-plex is situated on .24 acres and consists of 2 separate duplexes, each with a 1 bedroom/1 bathroom unit in front and a 2 bedroom/1 bathroom unit in back. The 2 bedroom units each come with refrigerator, stove, microwave, washer, dryer, and water softener. The 1 bedroom units are undergoing interior renovation that needs to be completed. Both 2-bedroom units are tenant occupied. All units have brand new roofs and have been freshly painted outside. There are 2 separate septic systems, one for each duplex, and a nearly new well. The property also contains a separate 0.78 acre parcel of agriculture land, with water rights, currently planted and farmed. You must see it to fully appreciate all it has to offer. Don't miss out on this opportunity to begin or expand your real estate investment portfolio!
Blythe is located in California. Blythe, California has a population of 18,125. Blythe is less family-centric than the surrounding county with 22.18% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Blythe, California is $49,235. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Blythe is 35.8 years.
The average high temperature in July is 108.3 degrees, with an average low temperature in January of 41.9 degrees. The average rainfall is approximately 4 inches per year, with 0 inches of snow per year.
