512-637-1219
251 S Colorado River Rd, Blythe, CA for Sale
Manufactured Housing/Mobile Housing - FOR SALE
1/37
null | Request Cap Rate

251 S Colorado River Rd
Blythe, CA 92225


HIGHLIGHTS

  • Expansion-ready with approvals for 67 additional sites
  • No rent control, allowing for annual rent increases
  • 100% tenant-owned homes with proven infill success
  • Remodeled clubhouse, pool, spa, and marina access
  • Assumable Fannie Mae loan with full-term interest-only payments

OVERVIEW

Blythe Marina Estates presents a rare opportunity to acquire a stabilized, all-age manufactured housing community with significant upside through infill and expansion. Situated along the Colorado River in Blythe, CA, this 60-site community is currently 85% physically occupied and features 100% tenant-owned homes upon the sale of two remaining vacant units. The property is not subject to rent control, allowing for annual rent increases without regulatory constraints. The offering includes 28.51 acres of adjacent expansion land, with approvals in place to develop an additional 67 sites, bringing the total potential to 127 homesites. The current owner has demonstrated a successful track record of infill, having brought in and sold 22 homes since 2015, typically within four months of delivery. With 9 vacant sites and 2 vacant homes, a new owner can unlock over $80,000 in additional annual revenue with minimal capital outlay. The community features paved roads, off-street parking, and a remodeled clubhouse with a full kitchen, billiards, pool, spa, and picnic area. Residents enjoy direct access to Quechan Marina across the street, as well as storage for boats and RVs. The property is served by city utilities and benefits from canal water for irrigation, which is billed back to residents. Strategically located off I-10, Blythe offers convenient access to Phoenix (150 miles), San Diego (220 miles), and Los Angeles (225 miles). The area is a hub for outdoor recreation and benefits from proximity to major employers, including two state prisons and the Palo Verde Unified School District. The property also sits within a NAFTA-designated free trade zone, enhancing its appeal for future industrial or trade-related development.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

60

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blythe Marina Estates

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.12 AC

LAND SF

527,947 SF

ZONING

MHP

APN/PARCEL ID

009-725-805

ASK ABOUT THIS PROPERTY

Andrew ShihARA NewmarkMore Info
512-637-1219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Andrew ShihARA NewmarkMore Info
512-637-1219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.