308 Spring StBlythe, CA 92225

Property Details for 308 Spring St

Year built

1957

Lot size

0.51 AC

Property size (Sq ft)

6,800 SF

Property type

Other commercial real estate

Description

This exceptional investment opportunity presents a fully occupied eight-unit multifamily property situated on a half-acre lot at 308 Spring Street in Blythe, California. The property boasts a substantial 6,800 square feet of living space, currently generating a consistent income stream. All eight units are occupied under month-to-month tenancies, providing immediate cash flow and flexibility for the new owner. The strong market demand and steady increase in rental rates in the Blythe area present a significant opportunity to enhance profitability through future rent adjustments. This property is an ideal addition to any investor's portfolio, offering a solid foundation for long-term growth and passive income. The 0.51-acre lot provides ample space, and the existing structure is well-maintained and ready for immediate occupancy. The property's location in Blythe offers convenient access to local amenities and transportation. This is a turnkey investment, requiring minimal effort to begin generating substantial returns. The current occupancy rate and month-to-month leases provide a high degree of control and flexibility for the new owner. This is a rare opportunity to acquire a stable, income-producing asset in a growing market. Don't miss out on this chance to secure a valuable addition to your real estate holdings. The asking price is $699,999.

Location Insight

City

Blythe

County

Riverside

State

California

Latitude

33.6064

Longitude

-114.598

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