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Home for Sale at 400 N Palm Drive, Blythe, CA 92225

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400 N Palm Drive, Blythe, CA 92225
Listing# 16171852
 
 
 
 
Price: $3,300,000
Type: Residential Income
County: Riverside
 
 
 
 
    Photo of home for sale at 400 PALM Drive N, Blythe CA
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Property Description:
 
 
 
 
Now fully rehabbed and vacant units ready to be leased up, Recently Foreclosed , Newer 1991 built Pride Garden apartment complex consisting of 70 units in 15 buildings plus rental office, of which 30 are 2 Bedroom 1 bath and 40 are 3 bedrooms 1.5 bath townhouse style, over 2.5 Million spent to rehab complex in 2008 total cost over $9M. Building is currently 50% rented with rents that are 30% below market , Market rents are 725 for the 2 bedrooms and 800-825 for the 3 bedrooms market rents, each unit has own laundry hook ups and water heater . Amenities include : Pool , Rec room, secured ample parking, each unit has its own outside private storage room, Tremendous long term upside on rents .Now fully rented , Courtyard style garden apartment complex, two triplexes across each other in a peaceful and quiet setting, all units recently maintained , low maintenance and easy management , 10 covered parking space and two car private garage , plus extra land behind building for more cars or

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Residential Income
Listing Status:Active
Area Name:374 - Blythe
Year Built:1991
Lot Square Feet:402494
Acres:9.24
Cooling:Central
Lot Features:Sprinklers None
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$3,300,000
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Based on information from California Regional Multiple Listing Service, Inc. as of 05/20/2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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