Fourplex with Updated Mechanical
For Sale
$499,000
2146 Riviera Blvd, Bullhead City, AZ 86442
A well-maintained fourplex with four 2-bed, 1-bath units, all currently occupied on month-to-month leases.
Property Size2,912 SF
Price / SF$171.36
Days on Market14
Property Features for 2146 Riviera Blvd
General Information
Standard status
Active
Size
2,912 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Sondgeroth Real Estate Group, LLC
(928) 234-5616
Listed By:
Jessica Topol · License #SA666220000
Source:
Sellinghavasu
Added: Jul 19
Changed: Jul 20
Last Checked: Jul 31 at 9:16AM
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 Sondgeroth Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four separate 2-bedroom, 1-bath units, all currently occupied on month-to-month leases. Three of the units have been remodeled, while one unit remains in original condition. The property has received major upgrades since 2018, including new HVAC systems, updated electrical with separate meters, and a well-maintained roof.
The property is located in Bullhead City near Rotary Park and the Colorado River. Tenants pay electric, while the owner covers water, sewer, and trash.
Designed for straightforward operations, the building has no HOA and no rent control mentioned in the property remarks. The property is described as having owned land and is presented as a long-term hold or 1031 exchange opportunity.
The property is located in Bullhead City near Rotary Park and the Colorado River. Tenants pay electric, while the owner covers water, sewer, and trash.
Designed for straightforward operations, the building has no HOA and no rent control mentioned in the property remarks. The property is described as having owned land and is presented as a long-term hold or 1031 exchange opportunity.
Key Highlights
- Well‑maintained fourplex built in 1983 with four 2‑bed, 1‑bath units
- All four units are currently occupied on month‑to‑month leases
- Three units have been remodeled; one unit remains in original condition
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 | $33.2k | $11.40 |
| − Vacancy | −$2.2k | −$0.74 |
| EGI | $31.0k | $10.66 |
| − OpEx | −$9.3k | −$3.20 |
| NOI | $21.7k | $7.46 |
2,912 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.4K
$271.6K – $362.1K
NOI $21,727 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$289.7K
$253.5K – $338.0K
NOI $20,277 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$650.2K
$568.9K – $758.5K
NOI $45,511 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 86442, AZ
34,171
Population
19,581
Households
1.7
Avg Household Size
53
Median Age
14%
College-Educated
85%
High-School Grad
28.2 sq mi
ZIP Area
1,212
Density / Sq Mi
$45,486
Median Household Income
$28,702
Median Earnings
$1,000
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - A well-maintained fourplex with four 2-bed, 1-bath units, all currently occupied on month-to-month leases.
Where is this quadplex located?
The property is located at 2146 Riviera Blvd Bullhead City, AZ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Well‑maintained fourplex built in 1983 with four 2‑bed, 1‑bath units; All four units are currently occupied on month‑to‑month leases; Three units have been remodeled; one unit remains in original condition
