Tenant-Occupied Santa Fe
3195 Arapaho Dr Lake Havasu City, AZ 86406
New
3195 Arapaho Dr, Lake Havasu City, AZ, 86406
$498,000
For Sale
$498,000
Two tenant-occupied units in a Santa Fe-style duplex, with multiple garages and space for parking.
Property Size2,318 SF
Price / SF$214.84
Days on Market3
Property Features for 3195 Arapaho Dr
General Information
- Standard status
- Active
- Size
- 2,318 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1974
Listing agency
Paradise Sales & Management
(602) 690-1208
Listed by
Martin L. Standsberry
Source
Sellinghavasu
Added: Jul 19 Updated: Jul 20 at 2:17AM Checked: Jul 20 at 2:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paradise Sales & Management
Investment Insights
Based on property information with market context.
This Santa Fe-style duplex offers two tenant-occupied residential units. Unit #1 is configured as a 2-bedroom, 1-bath home with a 1-car garage. Unit #2 features 3 bedrooms, 2 bathrooms, a den, and includes a 2-car garage, along with a dog run and a deck.
The property provides ample parking based on the lot layout described in the remarks. Both units are currently occupied, which may support immediate rental income considerations for qualified buyers.
Overall, the building provides a clear split between the smaller 2-bedroom unit and the larger 3-bedroom-plus-den unit, with garage capacity on each side.
The property provides ample parking based on the lot layout described in the remarks. Both units are currently occupied, which may support immediate rental income considerations for qualified buyers.
Overall, the building provides a clear split between the smaller 2-bedroom unit and the larger 3-bedroom-plus-den unit, with garage capacity on each side.
Key Highlights
- Santa Fe‑style duplex built in 1974 with both units tenant occupied
- Unit #2: 3 bed, 2 bath plus den, 2‑car garage, dog run, and deck
- Unit #1: 2 bed, 1 bath with 1‑car garage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $11.40 |
| − Vacancy | −$1.7k | −$0.74 |
| EGI | $24.7k | $10.66 |
| − OpEx | −$7.4k | −$3.20 |
| NOI | $17.3k | $7.46 |
2,318 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,295 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$517.5K
$452.9K – $603.8K
NOI $36,228 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two tenant-occupied units in a Santa Fe-style duplex, with multiple garages and space for parking.
Where is this duplex located?
The property is located at 3195 Arapaho Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Santa Fe‑style duplex built in 1974 with both units tenant occupied; Unit #2: 3 bed, 2 bath plus den, 2‑car garage, dog run, and deck; Unit #1: 2 bed, 1 bath with 1‑car garage
