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400 N Palm Dr, Blythe, CA 92225

$3,300,000

  • For Sale
  • Active
  • Multi-Family
400 N Palm Dr, Blythe, CA 92225View this property at 400 N Palm Dr, Blythe, CA 92225
400 N Palm DrBlytheCA92225

Property 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 .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

Full Property Detailsfor 400 N Palm Dr

General

  • Price: $3,300,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 16-171852
  • Updated: 3/16/2018
  • Added: 555 day(s) ago

Property History

  • 400 N Palm Dr, Blythe, CA
  • Reduced to $3,300,000 on 11/15/16
  • Listed at $3,300,000 on 10/15/16

Interior

  • Interior Features: Other

Parking

  • Parking Type: Parking Space

Location

  • Area: Blythe (374)
  • County: Riverside
  • Development Name: Blythe (374)
  • Driving Directions: 10 Freeway exit Lovekin Blvd go North to Hobsonway ( East ) to Palm Drive ( North )

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Furnace

Structural Information

  • # Buildings: 16
  • Square Feet: 66,000
  • Year Built: 1991

Unit Information

Unit 1

  • Bedrooms: 180

Lot Features

  • Lot Size (Sq. Ft.): 402,494
  • Lot Size Source: Public Records
  • Zoning: M1

Financial Considerations

  • Price Per Sq. Ft.: $50

Disclosures and Reports

  • Legal Disclosures: No Property Assessments

Listed by Century Realty Group, Sam Ostayan - CA DRE: 00956615

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Schools

Schoolsserving 400 N Palm Dr

School District:Palo Verde Unified School District
School Name
Grades
Distance
Palo Verde High School
667 North Lovekin Blvd, Blythe, CA 92225
9-12
0.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 400 N Palm Dr

Listed by Century Realty Group, Sam Ostayan - CA DRE: 00956615

400 N Palm Dr, Blythe, CA 92225 (MLS# 16-171852) is a Multi-Family property with 70 units containing 0 bedrooms and 0 full bathrooms. 400 N Palm Dr is currently listed for $3,300,000 and was received on October 15, 2016. Want to learn more about 400 N Palm Dr? Do you have questions about finding other Multi-Family real estate for sale in Blythe? You can browse all Blythe real estate or contact a Coldwell Banker agent to request more information.