601 E Rice Street, Blythe, California 92225, Blythe, 92225 - bed, bath
ACTIVE$450,000
601 E Rice Street, Blythe, California 92225
0Bed
0Bath
3,000Sqft
6,970Lot
Year Built
1955
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$150
HOA
-
Days on market
-
Sold On
-
MLS number
CV24254011
Home ConditionFair
Features
Good View:
Deck
View-
About this home
We found 3 Cons,5 Pros.
Magnificent income producing property! good location close to shopping, transportation and freeway access. All units have 1 bedroom and 1bath with a one car garage with wash and drier hook ups and corner locaton.
Price History
Date
Event
Price
12/26/24
Listing
$450,000
Condition Rating
Fair
Built in 1955, this income property is aged but appears to have been maintained through regular upkeep and occasional, cost-effective updates. The kitchens feature dated laminate countertops and older white appliances, while bathrooms have basic, functional vanities that appear somewhat newer. Flooring is a mix of worn carpet and utilitarian vinyl/linoleum tiles. While functional and livable, the property clearly shows its age and requires significant cosmetic updates to meet modern standards, aligning with the 'Fair' condition criteria for an aged property with functional but outdated components.
Pros & Cons
Pros
Income-Generating Potential: Explicitly marketed as a 'Magnificent income producing property,' indicating immediate revenue generation for an investor.
Prime Location: Described as a 'good location close to shopping, transportation and freeway access,' enhancing tenant desirability and property accessibility.
Tenant Amenities: Each unit includes a one-car garage with washer and dryer hookups, providing significant convenience and appeal to renters.
Corner Lot Advantage: The property's 'corner location' often offers increased visibility, better light, and potentially more flexible access or parking.
Consistent Unit Configuration: All units are 1 bedroom, 1 bath, catering to a specific, often high-demand rental market segment (singles, couples), ensuring consistent occupancy.
Cons
Property Age: Built in 1955, the property is older, suggesting potential for aging infrastructure (plumbing, electrical, roofing) and higher maintenance costs or the need for significant capital expenditures.
Limited Unit Diversity: All units are 1 bedroom, 1 bath, which restricts the potential tenant demographic and may limit rental income growth compared to properties with a mix of unit sizes.
Undisclosed Property Condition: The description lacks specific details regarding recent renovations or the current condition of the units and major systems, implying potential for unforeseen repair or upgrade costs.