Turnkey Duplex With Private
1370 Tanqueray Dr Lake Havasu City, AZ 86404
For Sale
$475,000
Pending
MULTI_FAMILY - Lake Havasu City, AZ
Property Size1,999 SF
Lot Size0.23 Acres
Days on Market9
Property Features for 1370 Tanqueray Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
Standard status
Pending
APN
104-35-169
Size
1,999 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 2180 LAKE HAVASU CITY TR 2180 SEC 27 & 34 BLK 9 LOT 3
Tax Annual Amount
1197
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2002
Number of units
2
Flooring type
Tile
Building materials
Wood Frame, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Arizona Living Realty
(928) 453-6111
Listed By:
Daniel Baker · License #SA703456000
(928) 486-0227
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 29 at 11:06AM
MLS# 1041738
Copyright © 2026 Lake Havasu Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey duplex features two separate units, each designed with two bedrooms and two bathrooms. Flooring is tile throughout, with no carpet, supporting straightforward maintenance. Updates include replacement of both A/C units in June 2016, replacement of both water heaters, and completed interior repainting along with trim and eaves painting last year. Additional upgrades include separate water meters for each unit, helping distinguish utility usage by residence.
The property includes a fenced backyard for each unit, along with side parking and an individual private garage. The garage openings are 12-foot-wide with 7-foot-high openings, and the garages measure approximately 23 feet deep, providing space for parking and storage. Unit 102 is currently vacant and available for private showings. The attached improvement list provides further detail on repairs, replacements, and maintenance.
The property includes a fenced backyard for each unit, along with side parking and an individual private garage. The garage openings are 12-foot-wide with 7-foot-high openings, and the garages measure approximately 23 feet deep, providing space for parking and storage. Unit 102 is currently vacant and available for private showings. The attached improvement list provides further detail on repairs, replacements, and maintenance.
Key Highlights
- Clean, professionally managed duplex built in 2002 with each unit offering 2 bedrooms and 2 bathrooms.
- Each unit has 999 sq. ft., tile flooring throughout (no carpet) and a private garage plus fenced backyard.
- Updates include both A/C units replaced in June 2016, both water heaters replaced, and full interior repaint plus trim and eaves painting last year.
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 | $22.8k | $11.40 |
| − Vacancy | −$1.5k | −$0.74 |
| EGI | $21.3k | $10.66 |
| − OpEx | −$6.4k | −$3.20 |
| NOI | $14.9k | $7.46 |
1,999 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.1K
$186.4K – $248.6K
NOI $14,915 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$198.9K
$174.0K – $232.0K
NOI $13,920 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$446.3K
$390.5K – $520.7K
NOI $31,242 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Professionally managed duplex offers two 2-bed, 2-bath units, each with its own fenced yard, parking, and private garage.
Where is this duplex located?
The property is located at 1370 Tanqueray Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Clean, professionally managed duplex built in 2002 with each unit offering 2 bedrooms and 2 bathrooms.; Each unit has 999 sq. ft., tile flooring throughout (no carpet) and a private garage plus fenced backyard.; Updates include both A/C units replaced in June 2016, both water heaters replaced, and full interior repaint plus trim and eaves painting last year.
