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222 E Rice St 10 Unité Immeuble d’appartements 1 715 600 $ CAD (171 560 $ CAD/Unité) 7,76% Taux de capitalisation Blythe, CA 92225
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Résumé de l'annonce
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.
Faits sur la propriété
| Prix | 1 715 600 $ CAD | Classe d’immeuble | C |
| Prix par unité | 171 560 $ CAD | Taille du lot | 0,34 AC |
| Type de vente | Investissement | Taille du bâtiment | 5 404 pi² |
| Taux de capitalisation | 7,76% | Occupation moyenne | 95% |
| Condition de vente | 1031 Échange | Nombre d’étages | 1 |
| Nombre d’unités | 10 | Année de construction/rénovation | 1964/2026 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 0,8/1 000 pi² |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Style d’appartement | Jardin | ||
| Zonage | RM, Blythe - multifamily | ||
| Prix | 1 715 600 $ CAD |
| Prix par unité | 171 560 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,76% |
| Condition de vente | 1031 Échange |
| Nombre d’unités | 10 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 0,34 AC |
| Taille du bâtiment | 5 404 pi² |
| Occupation moyenne | 95% |
| Nombre d’étages | 1 |
| Année de construction/rénovation | 1964/2026 |
| Ratio de stationnement | 0,8/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | RM, Blythe - multifamily |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 2 | - | - |
| Studios | 1 | - | - |
Assez practicable à pied
40/100
Exceptionnellement facile d'accès en voiture
100/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100
Impôts fonciers
| Numéro de lot | 848-052-008 | Évaluation des bâtiments | 508 644 $ CAD |
| Évaluation du terrain | 121 374 $ CAD | Évaluation totale | 630 018 $ CAD |
Impôts fonciers
Numéro de lot
848-052-008
Évaluation du terrain
121 374 $ CAD
Évaluation des bâtiments
508 644 $ CAD
Évaluation totale
630 018 $ CAD
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222 E Rice St
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