$3,300,000 400 North Palm Drive Blythe, CA

MLS: 16171852   Type: Income   County: Riverside   City: Blythe   Zip: 92225  

Mortgage $15,493 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

66,000

9.24

1991

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

Elementary School

Middle School

High School

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Distance: N/A Miles
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Price History

10/12/2017 Listed $3,300,000

Furniture 0
Green Year Certified 0
Grn Certif Rating 0.00
MLS Area Blythe
Maintenance 0.00
Number of Units Leased 0.00
Property SubType Residential Income
Property Type Residential Income
Total Units 70
Zoning M1

Interior Features

# Of Rented Garages 0
1/4 Baths 0
3/4 Baths 0
Avg Sq Ft 1 Bedroom 0
Avg Sq Ft 2 Bedroom 0
Avg Sq Ft 3 Bedroom 0
Avg Sq Ft Studio 0
Cooling Central A/C
Dishwasher(s) 0.00
Disposal(s) 0.00
Electricity 0
Entrylevel 0
Full Baths 0
Gas 0
Half Baths 0
Heating Central Furnace
Living Area 66000.00
Microwaves 0
Ranges 0.00
Refrigerators 0.00
Total Fireplaces 0

Exterior Features

# Of Patios 0
Carport Spaces 0
Garage Spaces 0
Land Lease Amount 0.00
Lot Size Acres 9.24
Lot Size Source (Assessor)
Lot Size Square Feet 402494.00
Lotsizeunits SqFt
Number of Buildings 16
Number of Separate Electric Meters 0
Number of Separate Gas Meters 0
Number of Separate Water Meters 0
Poolexpense 0
Private Pool Y/N No
Total Other Spaces 0
Total Parking 100

Property Schools



Direct Link:

http://www.palmspringsarea.properties/property/148-16171852-400-North-Palm-Drive-Blythe-CA-92225

Gallery (12 photos)

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Property vs Zip Code Avg (92225)

Price 3.30M Avg 2.03M

Sqr Feet 66,000 Avg 40,454

Cost / Sqr Ft $50 Avg $50

Acres 9.24 Avg 5.64

Visits 13 Avg 373

Days on Site 588 Avg 294

Walkscore® 64 Avg 55

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Listing Provided Courtesy Of: Century Realty Group




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Location & Address

WILL COOK GROUP|Keller Williams Luxury Homes|BRE# 01879277
435 N. Palm Canyon
Palm Springs, CA
760-565-5714
760-770-9510

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