308-316 S Spring St - Apartments FOR SALE


Blythe, CA 92225
$649,000 USD
626-618-7100
308-316 S Spring St, Blythe, CA for Sale
$649,000 USD
Apartments - FOR SALE
1/5
null | 7.05% Cap Rate

308-316 S Spring St
Blythe, CA 92225


HIGHLIGHTS

  • 8-Units Total
  • Fenced Corner Property
  • 2 Parcels Total (4-units/Parcel)
  • 100% Occupied
  • Room to Raise Rents nearly 50%
  • Power Separately Metered

OVERVIEW

Fantastic Income Producing Multi-Family Property with exceptional room to raise Rents. All 8-Units are Fully Occupied with each Occupant having a Month-to-Month Tenancy. With Market Rents continuously increasing at a steady pace with coupling population growth, raising value and producing a steady stream of high rental income should come at ease for any investor. Acquire S. Spring St. Today and continue to build your portfolio with this solid asset!

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

8

PRICE/UNIT

$81,125

CAP RATE

7.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

R-M-L

APN/PARCEL ID

848-123-001,848-123-002

ASK ABOUT THIS PROPERTY

Justin WuSupreme Investment CorporationMore Info
626-618-7100

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Justin WuSupreme Investment CorporationMore Info
626-618-7100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.