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251 Colorado River RdBlythe, CA 92225

60-site mobile home park, high occupancy, expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional value-add opportunity in Blythe, CA, presents a 60-site mobile home park situated on 40.63 acres. Currently boasting 85% occupancy, this all-age community sits on public utilities and offers significant upside potential. All 60 pads are tenant-owned, with the remaining vacant homes expected to sell shortly, generating an immediate increase in annual revenue. A substantial expansion opportunity exists, with plans in progress to add 67 more sites, increasing the total to 127. The park's strong performance is evidenced by the successful sale of 20 homes since 2015, each selling within four months. Filling the current five vacant sites would add approximately $38,000 in annual revenue, while raising lot rents (currently unrestricted by rent control) presents further significant income growth. A planned lot rent increase in December 2024 is projected to add over $13,000 annually. Beyond the pads, the property includes a remodeled clubhouse with a full kitchen, billiard table, swimming pool, spa, patio, and picnic area. Convenient access to boat launching facilities is located directly across the street. Additional revenue streams are possible through the rental of on-site storage for boats, RVs, and motorhomes. The property's attractive layout features off-street parking and paved roads, making it an appealing and well-maintained community. This property is well-positioned for attractive debt financing and represents a compelling investment opportunity for a buyer seeking immediate income and substantial long-term growth.

Highlights

  • MAJOR PRICE REDUCTION.
  • Blythe Marina Estates is a 60-site, all-age manufactured home community on public utilities with 85% occupancy and all tenant-owned homes.
  • Expansion opportunity: Add 67 sites (total 127 sites) with HCD approval pending.
  • Strong sales history: 20 homes sold since 2015, with 4 more pending sale, adding $28,000 annual revenue.
  • Value-add potential: Fill 5 vacant sites for ~$38,000 additional annual revenue; rent out storage; raise lot rents (no rent control).
  • Attractive financing opportunities available.

Property Details for 251 Colorado River Rd

Property type
Mobile home & RV parks
Lot Size (sq. ft)
1,769,843 SF
Units
60

Location Insight

City
Blythe
County
Riverside
State
California
Latitude
33.6079208
Longitude
-114.5342492
251 Colorado River Rd, Blythe, California

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251 Colorado River Rd
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