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Under Contract
The Cove RV Resort
The Cove RV Resort, a well-established RV park located on the Colorado in Blythe, California, offers
Listing Contacts
License: CO ER.100052334
Under Contract
Property is under contract
Address
500 Riviera Dr, Blythe, CA 92225
Show on MapDate Added
Apr 11, 2024
Days on Market
377 days
Time Since Last Update
100 days
Details
Property TypeMultifamily
SubtypeRV Park, California CA Riverfront River Access, The Cove RV Resort
Investment TypeStabilized
ClassB
Units157
Pads157
Year Built1970
Year Renovated2017
Buildings4
Stories1
ZoningCommercial
Lot Size (acres)21.55
Broker Co-OpYes
APN009603080 and 009603081
Ground LeaseYes
Ground Lease Expiration02/27/2044
Ground Lease Remaining20 Years
INTELLIGENCEMarketing Description
Excellent investment opportunity for a well established RV Resort located on the Colorado River in Blythe CA just off Interstate 10. The property caters to both short term transient and long term guests. In addition to a boat dock and private cove on the river amenities include Pool, Laundry, Bathhouse, Office and Store, RV & Boat Storage. Qualified on site management in place with operational upside through more aggressive and involved ownership.
Investment Highlights
Established RV Resort Located in Blythe CA on the Colorado River.
157 Large pull through sites, 6 Park models and 80 covered RV/Boat storage spaces
Long-term & seasonal residential demand
Onsite amenities include dock & river access, Pool, Clubhouse, RV storage, laundry room, basketball court.
Property on a Land lease expiring July 2044.
Purchase includes assumption of $300,000 note for the remaining balance on the Solar Array.
Expansion Opportunity of an additional 81 Sites to bring total
Valuation Calculator
Valuation Calculator
Loan Amount
$--
Annual Debt Service
$--
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Annual Cash Flow
$199,172.00
$16,597.67/mo
Valuation Metrics
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DSCR
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Cap Rate
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ROI
Property History
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Listing Contacts
- License: CO ER.100052334
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Additional Information
Broker of Record
Chris Jackson
Broker of Record: License Type
CA 01255538
Broker of Record: Company Name
NAI Capital
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