Fourplex with Updated Mechanical
2146 Riviera Blvd Bullhead City, AZ 86442
New
2146 Riviera Blvd, Bullhead City, AZ, 86442
$499,000
For Sale
$499,000
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 Market3
Property Features for 2146 Riviera Blvd
General Information
- Standard status
- Active
- Size
- 2,912 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1983
Listing Agency
Sondgeroth Real Estate Group, LLC
(928) 234-5616
Listed by
Jessica Topol · License #SA666220000
Source
Sellinghavasu
Added: Jul 19 Updated: Jul 20 at 2:31 am Checked: Jul 20 at 2:31 am
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
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 | $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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
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
