400 N Palm Drive,  Blythe CA, 92225 (Residential Income)

66,000 sqft
Status: Active
MLS#: 16171852
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Last Updated: 12/8/2016 4:23 PM
Description for 400 N Palm Drive Blythe, CA 92225
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 .
Price
$3,300,000
Riverside
66,000 (approx)
16171852
Active
Description
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 .
Listing Information
Property Type: Cluster, Other
9.24 Acres 40,249,400 sq.ft. 66,000 (approx)
$50 1991
70 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
M1
Driving Directions
10 Freeway exit Lovekin Blvd go North to Hobsonway ( East ) to Palm Drive ( North )
Financial Considerations
845030008
,$236,000
Listing Price History

Blythe Real Estate

Blythe is located in California. Blythe, California 92225 has a population of 20,658.

The median household income in Blythe, California 92225 is $48,327. The median household income for the surrounding county is $57,096 compared to the national median of $53,046. The median age of people living in Blythe 92225 is 36.1 years.

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Courtesy: Century Realty Group Sam Ostayan
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