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222 E Rice St Immeuble residentiel 10 lots 1 095 275 € (109 527 €/Lot) Taux de capitalisation 7,76 % Blythe, CA 92225
Certaines informations ont été traduites automatiquement.
Résumé analytique
Rice & Spring 10-Unit Apartment Complex | 222 W Rice St, Blythe, CA 92225
Stabilized 10-unit multifamily investment opportunity in the heart of Blythe, Riverside County. This prime corner property features a mix of medium-term and long-term rentals generating $12,475/month in gross rental income with 100% occupancy. Eight of ten units have been fully renovated between 2019 and 2026 with modern interiors, updated kitchens, and upgraded systems. The most recent renovation (208 W Rice, completed early 2026) now leases as a furnished rental at $1,500/month.
Originally built in 1930 on a single parcel (APN 848-052-008), the property is zoned Medium Density Residential and includes a unit mix of studios, one-bedrooms, and two-bedrooms. Five units are offered fully furnished, attracting higher rents from solar energy professionals, Caltrans contractors, and traveling workforce tenants. All leases are month-to-month, providing maximum operational flexibility.
2026 projected NOI of $99,426 on an asking price of $1,250,000 represents a 7.95% cap rate. Operating expenses total just $31,287 annually (23.9% expense ratio), with new Foremost Insurance policies in place through May 2027. Two unrenovated units (212 and 216 W Rice) present clear value-add upside — comparable renovated units achieve $1,400–$1,720/month, representing 100%+ rent growth potential.
Blythe's rental market benefits from proximity to major renewable energy projects including the Blythe Mesa Solar Project and Desert Harvest Solar Project, driving consistent workforce housing demand with limited new supply in the pipeline.
Stabilized 10-unit multifamily investment opportunity in the heart of Blythe, Riverside County. This prime corner property features a mix of medium-term and long-term rentals generating $12,475/month in gross rental income with 100% occupancy. Eight of ten units have been fully renovated between 2019 and 2026 with modern interiors, updated kitchens, and upgraded systems. The most recent renovation (208 W Rice, completed early 2026) now leases as a furnished rental at $1,500/month.
Originally built in 1930 on a single parcel (APN 848-052-008), the property is zoned Medium Density Residential and includes a unit mix of studios, one-bedrooms, and two-bedrooms. Five units are offered fully furnished, attracting higher rents from solar energy professionals, Caltrans contractors, and traveling workforce tenants. All leases are month-to-month, providing maximum operational flexibility.
2026 projected NOI of $99,426 on an asking price of $1,250,000 represents a 7.95% cap rate. Operating expenses total just $31,287 annually (23.9% expense ratio), with new Foremost Insurance policies in place through May 2027. Two unrenovated units (212 and 216 W Rice) present clear value-add upside — comparable renovated units achieve $1,400–$1,720/month, representing 100%+ rent growth potential.
Blythe's rental market benefits from proximity to major renewable energy projects including the Blythe Mesa Solar Project and Desert Harvest Solar Project, driving consistent workforce housing demand with limited new supply in the pipeline.
Informations sur l’immeuble
| Prix | 1 095 275 € | Classe d’immeuble | C |
| Prix par lot | 109 527 € | Surface du lot | 0,14 ha |
| Type de vente | Investissement | Surface de l’immeuble | 502 m² |
| Taux de capitalisation | 7,76 % | Occupation moyenne | 95% |
| Condition de vente | 1031 Exchange | Nb d’étages | 1 |
| Nb de lots | 10 | Année de construction/rénovation | 1964/2026 |
| Type de bien | Immeuble residentiel | Ratio de stationnement | 0,07/1 000 m² |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Style d’appartement | Avec jardin | ||
| Zonage | RM, Blythe - multifamily | ||
| Prix | 1 095 275 € |
| Prix par lot | 109 527 € |
| Type de vente | Investissement |
| Taux de capitalisation | 7,76 % |
| Condition de vente | 1031 Exchange |
| Nb de lots | 10 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 0,14 ha |
| Surface de l’immeuble | 502 m² |
| Occupation moyenne | 95% |
| Nb d’étages | 1 |
| Année de construction/rénovation | 1964/2026 |
| Ratio de stationnement | 0,07/1 000 m² |
| Zone de développement économique [USA] |
Oui |
| Zonage | RM, Blythe - multifamily |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Cuisine
- Four
- Cuisinière
- Baignoire/Douche
Caractéristiques du site
- Accès 24 h/24
- Lots meublés disponibles
- Sentiers pédestres et cyclables
- Espace d’entreposage
- Transports en commun
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
| Studios | 1 | - | - |
1 1
Assez praticable à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100
Taxes foncières
| Numéro de parcelle | 848-052-008 | Évaluation des aménagements | 323 017 € |
| Évaluation du terrain | 77 079 € | Évaluation totale | 400 096 € |
Taxes foncières
Numéro de parcelle
848-052-008
Évaluation du terrain
77 079 €
Évaluation des aménagements
323 017 €
Évaluation totale
400 096 €
1 sur 6
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
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222 E Rice St
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