3653-3659 Wendell Ave - Apartments FOR SALE


Bullhead City, AZ 86442
$1,300,000 USD
424-262-0392
3653-3659 Wendell Ave, Bullhead City, AZ for Sale
$1,300,000 USD
Apartments - FOR SALE
1/21
null | 6.07% Cap Rate

3653-3659 Wendell Ave
Bullhead City, AZ 86442


HIGHLIGHTS

  • Stable eight-unit multifamily, Long-term tenants in place, rents at market rate
  • Updated Units with newer appliances, central AC, dual pane windows, private garages, coin/app laundry on-site
  • Walk to shopping, dining, parks, and the Colorado River — minutes to Laughlin, NV
  • Favorable Arizona tax and insurance rates. Two parcels; qualifies for conventional financing.
  • New Growth & Infrastructure, new Silver Copper Crossing Bridge and expanding retail corridor.

OVERVIEW

Welcome to Wendell Apartments, a two-building, 8-unit apartment community in the heart of Bullhead City, AZ surrounded by upscale shopping and new development. Potential for "subject-to financing up to $620k. Each unit features two-bedrooms, one-bath, central AC, and one car garage. Additional parking is available as well. The units have been updated and include newer appliances and central AC units. There are two laundry rooms on site with newer coin/app operated machines. The charming buildings have been well maintained and feature stucco exterior and dual pane windows throughout. Long term tenants enjoy the premises and rents have been adjusted to reflect current market levels. The property is minutes away from public parks, schools, shopping, dining, and the beautiful Colorado River. It is located near the upscale Mojave Crossroads Shopping Center and the brand-new Silver Copper Crossing Bridge, spanning 724 feet over the Colorado River into Laughlin, NV. Enjoy favorable Arizona tax and insurance rates. Taxes aren’t reassessed on property transfer and insurance rates are lower than national average. Two separate parcels, recorded as two 4-unit multifamily homes; qualifies for conventional financing. This is a clean, stabilized asset with strong surrounding retail and infrastructure investment. With updated units, reliable long-term tenancy, and proximity to major amenities and the Colorado River, Wendell Apartments is a solid multifamily investment opportunity. It is stable, well-located, and positioned to benefit from the continued growth in the area.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendell Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

222-10-173,222-10-174

ASK ABOUT THIS PROPERTY

James FrakesUSLiberty CorpMore Info
424-262-0392

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James FrakesUSLiberty CorpMore Info
424-262-0392

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