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.