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INVESTMENT HIGHLIGHTS
- Expansion-ready with approvals for 67 additional sites
- 100% tenant-owned homes with proven infill success
- Assumable Fannie Mae loan with full-term interest-only payments
- No rent control, allowing for annual rent increases
- Remodeled clubhouse, pool, spa, and marina access
EXECUTIVE SUMMARY
Blythe Marina Estates presents a rare opportunity to acquire a stabilized, all-age manufactured housing community with significant upside through infill and expansion. Situated along the Colorado River in Blythe, CA, this 60-site community is currently 85% physically occupied and features 100% tenant-owned homes upon the sale of two remaining vacant units. The property is not subject to rent control, allowing for annual rent increases without regulatory constraints.
The offering includes 28.51 acres of adjacent expansion land, with approvals in place to develop an additional 67 sites, bringing the total potential to 127 homesites. The current owner has demonstrated a successful track record of infill, having brought in and sold 22 homes since 2015, typically within four months of delivery. With 9 vacant sites and 2 vacant homes, a new owner can unlock over $80,000 in additional annual revenue with minimal capital outlay.
The community features paved roads, off-street parking, and a remodeled clubhouse with a full kitchen, billiards, pool, spa, and picnic area. Residents enjoy direct access to Quechan Marina across the street, as well as storage for boats and RVs. The property is served by city utilities and benefits from canal water for irrigation, which is billed back to residents.
Strategically located off I-10, Blythe offers convenient access to Phoenix (150 miles), San Diego (220 miles), and Los Angeles (225 miles). The area is a hub for outdoor recreation and benefits from proximity to major employers, including two state prisons and the Palo Verde Unified School District. The property also sits within a NAFTA-designated free trade zone, enhancing its appeal for future industrial or trade-related development.
The offering includes 28.51 acres of adjacent expansion land, with approvals in place to develop an additional 67 sites, bringing the total potential to 127 homesites. The current owner has demonstrated a successful track record of infill, having brought in and sold 22 homes since 2015, typically within four months of delivery. With 9 vacant sites and 2 vacant homes, a new owner can unlock over $80,000 in additional annual revenue with minimal capital outlay.
The community features paved roads, off-street parking, and a remodeled clubhouse with a full kitchen, billiards, pool, spa, and picnic area. Residents enjoy direct access to Quechan Marina across the street, as well as storage for boats and RVs. The property is served by city utilities and benefits from canal water for irrigation, which is billed back to residents.
Strategically located off I-10, Blythe offers convenient access to Phoenix (150 miles), San Diego (220 miles), and Los Angeles (225 miles). The area is a hub for outdoor recreation and benefits from proximity to major employers, including two state prisons and the Palo Verde Unified School District. The property also sits within a NAFTA-designated free trade zone, enhancing its appeal for future industrial or trade-related development.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 12.12 AC |
| No. Units | 60 | Building Size | 5,000 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Building Class | C | Year Built | 1972 |
| Zoning | MHP - MHP | ||
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 12.12 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | MHP - MHP |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
- Spa
- Gameroom
- Media Center/Movie Theatre
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 60 | - | - |
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Blythe Marina Estates | 251 S Colorado River Rd
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