357 Rio Grande Ct - Multi-Family FOR SALE


Bullhead City, AZ 86442
$469,900 USD
928-296-0083
357 Rio Grande Ct, Bullhead City, AZ for Sale
$469,900 USD
Multi-Family - FOR SALE
1/12
null | 7.25% Cap Rate

357 Rio Grande Ct
Bullhead City, AZ 86442


HIGHLIGHTS

  • Easy to rent, affordable
  • Open layout
  • Newer a/c units

OVERVIEW

Turnkey investment opportunity with strong cash flow and solid returns. This fully leased fourplex features four identical 1-bedroom, 1-bathroom units, each approx. 624 sq ft, with easy-to-maintain tile flooring and newer A/C units. Current rents total $3,350/month, with tenants paying electric while owner bills back water/sewer/trash. Annual gross income of $40,200 and estimated NOI of $34,050 offer an attractive 7.25% cap rate at the $469,900 asking price. High rental demand in this affordable segment, plus a convenient multifamily-zoned location near the Colorado River, make this a smart addition to any portfolio.

FOR SALE DETAILS

PRICE

$469,900 USD

PRICE/SF

$188 USD /SF

# OF UNITS

4

PRICE/UNIT

$117,475

CAP RATE

7.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Occupied Fourplex

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

Multifamily

APN/PARCEL ID

219-17-094

ASK ABOUT THIS PROPERTY

Jessica TopolKenneth L. Sondgeroth RealtorMore Info
928-296-0083

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Jessica TopolKenneth L. Sondgeroth RealtorMore Info
928-296-0083

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.