Fantastic Income Producing Multi-Family Property with exceptional room to raise Rents! All 8-Units are Fully Occupied with each Occupant having a Month-to-Month Tenancy. With Market Rents continuously increasing at a steady pace, raising value and producing a steady stream of high rental income should come at ease for any investor. Acquire S. Spring St. Today and continue to build your portfolio with this solid asset!
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,
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.
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.
