280 E Hobsonway
Blythe, CA 92225

Description

Currently above 8% Cap rate. Potential for over 15%! All but one unit is rehabbed. Five out of nine units are occupied. Seller lives far and is looking to retire. Otherwise it would be 100% occupied. Great for someone who lives in the vicinity or someone who is willing to put in the time to get it fully occupied. There are three store-front units allowing for great visibility to the main thoroughfare in Blythe. The one remaining un-rehabbed unit was once occupied by a dental office. The commercial building is made up of two parcel numbers, 848-062-003 and 848-062-004. There is ample parking in the parking lot and convenient street parking for the store front units.

Details

MLS#OC18014897
StyleRetail
Sub-TypeResale
StatusActive
Days On Site162

Features

SQ Feet8,500
Story(s)0
Units9

Market Activity 92225

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Area Information

StateCA
CountyRiverside
CityBlythe
Zip Code92225
Area374 - Blythe
Listing VS Median (in 92225)
Price:
$349,888
low | high
Med:
$179,000
98.840771904152% of Average
SqFt:
8,500
low | high
Med:
1,536
100% of Average
$ / SqFt:
$41
low | high
Med:
$117
100% of Average
On Site:
162
low | high
Med:
42
100% of Average
Listing Updated: 06/16/2019
MLS Number: OC18014897
Listing Provided By:
Daniel Escutia  of  Esen Real Estate Services
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