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601 E Rice St 5 Unit Apartment Building $450,000 ($90,000/Unit) 7.20% Cap Rate Blythe, CA 92225

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Executive Summary

Magnificent income producing property! good location close to shopping, transportation and freeway access. All units have 1 bedroom and 1bath with a one car garage with wash and drier hook ups and corner location.

Blythe set up

Operating and Financials

Property Facts

Price	$450,000	Apartment Style	Garden
Price Per Unit	$90,000	Building Class	C
Sale Type	Investment	Lot Size	0.16 AC
Cap Rate	7.20%	Building Size	3,000 SF
Sale Condition	Building in Shell Condition	Average Occupancy	100%
No. Units	5	No. Stories	2
Property Type	Multifamily	Year Built	1955
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3

Price	$450,000
Price Per Unit	$90,000
Sale Type	Investment
Cap Rate	7.20%
Sale Condition	Building in Shell Condition
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.16 AC
Building Size	3,000 SF
Average Occupancy	100%
No. Stories	2
Year Built	1955
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3