Blythe Rental portfolio Multi-Family FOR SALE


Blythe, CA - Downtown Blythe
$2,350,000 USD
559-741-6055
, Blythe, CA for Sale
$2,350,000 USD
Multi-Family - FOR SALE
1/21
null | 7.67% Cap Rate

Blythe Rental portfolio
Blythe, CA
Downtown Blythe


HIGHLIGHTS

  • Mix of long term and medium term rentals
  • mix of furnished and unfurnished rentals
  • all Market rent, no section 8 tenants.

OVERVIEW

Seize this rare opportunity to acquire a diversified portfolio of 18 residential units in Blythe, California. This portfolio includes a mix of a 10-unit apartment complex, two 4-plexes, a single-family home, a condominium, and a duplex, offering a balanced blend of property types to suit various tenant needs. With 10 recently remodeled units 2 partially remodeled units and 7 units remodeled in the last 10 years. 6 furnished rentals generating steady income through medium-term leases, this portfolio is an ideal investment for those seeking cash flow and long-term appreciation. Portfolio Details 1. 10-Unit Apartment Complex - 222 W Rice St 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. 2. 4-Plex - 184 N Acacia units 2-5 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. 3. Single-Family Home 184 N Acaica Details: 3 Bedrooms, 1 Bathroom Condition: Recently remodeled with modern finishes. Rental Status: Rented to a long term tenant. 4. Townhouse Details: 3 Bedrooms, 2.5 Bathrooms Condition: Well-maintained, spacious unit ideal for families or professionals. Rental Status: High-demand property suitable for both short-term and long-term leasing. Current renter has been in place since 2019. 5. Duplex Unit Mix: 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.

ASK ABOUT THIS PROPERTY

Jonathan SmithRe/Max Blythe RealtyMore Info
559-741-6055

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Jonathan SmithRe/Max Blythe RealtyMore Info
559-741-6055

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