6-Unit Apartment
For Sale
$1,350,000
2111 Industrial Blvd, Lake Havasu City, AZ 86403
Two-bedroom residences include private laundry, fenced outdoor space, and covered parking.
Property Size5,430 SF
Price / SF$248.62
Days on Market8
Property Features for 2111 Industrial Blvd
General Information
Standard status
Active
Size
5,430 SF
Total Parking Spaces
6
Property subtype
Commercial
Units
Unit Mix
6 x 2BR/2BA
Multifamily Units
6
Parking per Unit
1
Amenities
private in-unit laundry
polished concrete floors
tile walk-in shower
separate fenced backyard with paver patio
covered parking spot
Building Details
Year Built
2020
Buildings
2
Listing Agency:
REMAX by the Lake
Listed By:
Samantha Denovan · License #sdenovan
(928) 706-0609
Source:
Searchhomesinhavasu
Added: Oct 16
Last Checked: Oct 20 at 5:57PM
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 REMAX by the Lake
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Investment Insights
Based on property information with market context.
Completed in 2020, this multifamily property consists of two buildings with three apartments each. Every residence offers just over 900 square feet, with two bedrooms and two bathrooms. Interior features include an open kitchen, generous counter space, polished concrete flooring, in-unit laundry, and a tiled walk-in shower in the primary bathroom.
Each apartment also has its own fenced backyard with a paver patio and a covered parking space. Five of the six units are leased, and one is available to tour. The property is in Lake Havasu City, Arizona.
Each apartment also has its own fenced backyard with a paver patio and a covered parking space. Five of the six units are leased, and one is available to tour. The property is in Lake Havasu City, Arizona.
Key Highlights
- Six apartments across two buildings, with three units in each
- Built in 2020; each residence is just over 900 square feet
- Two bedrooms and two bathrooms per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,811
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,220
$756.2K
Cap Rate 7%
$540,157
$540.2K
Cap Rate 9%
$420,122
$420.1K
Market Conditions
NOI Build-Up for 5,430 SF
Gross rent
$73.0K $13.44/SF
− Vacancy
−$4.2K −$0.78/SF
EGI
$68.7K $12.66/SF
− OpEx
−$30.9K −$5.70/SF
NOI
$37.8K $6.96/SF
Area
Mohave County, AZ
Vacancy
5.80%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,220
Cap Rate 7%
$540,157
Cap Rate 9%
$420,122
Alternative Uses
Best Use
Apartment 5plus
$540.2K
$472.6K – $630.2K
NOI $37,811 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,864 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
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Business Placement
Demographics for 86403, AZ
17,787
Population
11,604
Households
1.5
Avg Household Size
53
Median Age
18%
College-Educated
89%
High-School Grad
11.0 sq mi
ZIP Area
1,617
Density / Sq Mi
$57,531
Median Household Income
$33,368
Median Earnings
$1,152
Median Rent
$313,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom residences include private laundry, fenced outdoor space, and covered parking.
Where is this apartment building located?
The property is located at 2111 Industrial Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six apartments across two buildings, with three units in each; Built in 2020; each residence is just over 900 square feet; Two bedrooms and two bathrooms per unit
