400 North Palm Drive #70, Blythe, CA 92225

$3,300,000 Approx. USD 0 beds, 0 baths
66,000 sqft
New Listing

Agent Remarks

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 , 25 units in need of cosmetic rehab to make rent ready. 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 Details

Property type: (Multi-Family)
Status: Active
MLS# 16-171852
List price is $3,300,000
Beds: 0
Baths: 0
Built in 1991
66,000 sqft
2 Story stories
County: Riverside
Zoning: M1
Parking type: Parking Space
Interior features: Other
Heating description: Central Furnace
MLS area: Blythe (374)

Last Updated: 10/16/2016

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This listing belongs to the Blythe (374) MLS area

The listing is zoned M1.
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Broker: Courtesy of Century Realty Group
Listing Agent: Sam Ostayan

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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