Property Showcase

400 N PALM DRBlythe, CA 92225

$3,300,000
Multi-Family
Status: Active
  • Bed:
  • Sqft:
  • MLS#: 16171852
33.615745544433594-114.60330200195313
Courtesy Of Sam Ostayan, BRE #: 00956615, Century Realty Group

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 .

Main Features:

Listing Status Active Year Built 1991
County Riverside Rental Price $0
Units 70 Zoning M1

Additional Features:

Cooling Central A/C
Has Pool N
Heating Central Furnace
Interior Features Other
Parking Types Parking Space
Special Conditions Standard Sale

Extra Features:

MLSSystem ID CARETS_CLAW

Based on information from CARETS as of the timestamp below. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information deemed reliable but not guaranteed.
Copyright© 2018 California Real Estate Technology Services. All Rights Reserved.
Last Updated On: 2/23/2018 9:15:57 AM

400 N PALM DR, Blythe, CA 92225

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Based on information from CARETS as of the timestamp below. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information deemed reliable but not guaranteed.
Copyright© 2018 California Real Estate Technology Services. All Rights Reserved.
Last Updated On: 2/23/2018 9:15:57 AM

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