Duplex With Private
For Sale
$529,900
Pending
3345 Mockingbird Dr, Lake Havasu City, AZ 86406
Corner-lot duplex with individual garages and fenced outdoor space for both units.
Property Size2,147 SF
Days on Market56
Property Features for 3345 Mockingbird Dr
General Information
Standard status
Pending
Size
2,147 SF
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
2001
Listing Agency:
Selman And Associates
Listed By:
David Eaton · License #deaton
(928) 855-5555
Source:
Havasuazliving
Added: Aug 22
Changed: Sep 11
Last Checked: Oct 14 at 8:26PM
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 Selman And Associates
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Investment Insights
Based on property information with market context.
Built in 2001, this duplex contains 2,147 square feet arranged as two residential units. Each side includes its own garage with an opener and a separately fenced yard, giving both units dedicated parking and outdoor space. The property sits on a corner lot along Mockingbird Dr in Lake Havasu City’s south-side area.
One unit has received substantial interior updates, including stainless-steel appliances, carpeting, paint, ceiling fans, and faucets. The combination of unit-specific garages, enclosed yards, and refreshed interior finishes provides a practical configuration for residential occupancy.
One unit has received substantial interior updates, including stainless-steel appliances, carpeting, paint, ceiling fans, and faucets. The combination of unit-specific garages, enclosed yards, and refreshed interior finishes provides a practical configuration for residential occupancy.
Key Highlights
- 2,147‑square‑foot duplex built in 2001
- Each unit includes a garage with an opener
- Separate fenced yard provided for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,019
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,380
$320.4K
Cap Rate 7%
$228,843
$228.8K
Cap Rate 9%
$177,989
$178.0K
Market Conditions
NOI Build-Up for 2,147 SF
Gross rent
$24.5K $11.40/SF
− Vacancy
−$1.6K −$0.74/SF
EGI
$22.9K $10.66/SF
− OpEx
−$6.9K −$3.20/SF
NOI
$16.0K $7.46/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,380
Cap Rate 7%
$228,843
Cap Rate 9%
$177,989
Alternative Uses
Best Use
Multifamily LT 5
$228.8K
$200.2K – $267.0K
NOI $16,019 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,950 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$479.4K
$419.4K – $559.3K
NOI $33,555 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 86406, AZ
24,935
Population
14,846
Households
1.7
Avg Household Size
57
Median Age
19%
College-Educated
94%
High-School Grad
244.5 sq mi
ZIP Area
102
Density / Sq Mi
$74,171
Median Household Income
$45,457
Median Earnings
$1,311
Median Rent
$434,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with individual garages and fenced outdoor space for both units.
Where is this duplex located?
The property is located at 3345 Mockingbird Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 2,147‑square‑foot duplex built in 2001; Each unit includes a garage with an opener; Separate fenced yard provided for both units
