308 Spring St Blythe, CA 92225
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.