Description
Rare multifamily investment opportunity in Bullhead City! A well-maintained 10-unit apartment complex situated on approximately one acre. Built in 1989, the property consists of 5 buildings (5duplexes, all of which are divided by a storage unit so none share an internal wall). Each unit offers a functional one-bedroom, one-bathroom layout of approximately 563 square feet, along with covered parking for residents. The property features a convenient coin-operated laundry facility, new roofs throughout, and newer air-conditioning units, providing meaningful recent capital improvements. All units are currently occupied on month-to-month agreements, creating flexibility for a new owner to implement a rental strategy, update leases, or capture increased income over time. Rents are currently below market, presenting a compelling value-add opportunity. No pets are permitted on site. Conveniently located near shopping, dining, the Colorado River, and the entertainment, gaming, and dining options of Laughlin, Nevada, this property benefits from continued rental demand in the Bullhead City market. With its desirable unit mix, covered parking, on-site laundry, and clear upside through rental growth, this 10-unit complex presents an excellent opportunity for investors seeking income-producing real estate in Arizona s Colorado River community.
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01/2 BATHS
School Ratings & Info
Description
Rare multifamily investment opportunity in Bullhead City! A well-maintained 10-unit apartment complex situated on approximately one acre. Built in 1989, the property consists of 5 buildings (5duplexes, all of which are divided by a storage unit so none share an internal wall). Each unit offers a functional one-bedroom, one-bathroom layout of approximately 563 square feet, along with covered parking for residents. The property features a convenient coin-operated laundry facility, new roofs throughout, and newer air-conditioning units, providing meaningful recent capital improvements. All units are currently occupied on month-to-month agreements, creating flexibility for a new owner to implement a rental strategy, update leases, or capture increased income over time. Rents are currently below market, presenting a compelling value-add opportunity. No pets are permitted on site. Conveniently located near shopping, dining, the Colorado River, and the entertainment, gaming, and dining options of Laughlin, Nevada, this property benefits from continued rental demand in the Bullhead City market. With its desirable unit mix, covered parking, on-site laundry, and clear upside through rental growth, this 10-unit complex presents an excellent opportunity for investors seeking income-producing real estate in Arizona s Colorado River community.