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AZ
Bullhead City
86442
1772 Rio Grande Rd

Property profile

1772 Rio Grande Rd Bullhead City, AZ 86442

OFF-MARKET

Other apartment buildings

Property ID

US07-0129609

6,588 SF 0.27 ac lot Built 1992

Trust Owned 5-yr Hold Absentee Owner Free & Clear

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Located in Bullhead City, Arizona, this multifamily property features an 8-plex building with 6,588 square feet of total living area on a 0.27-acre lot. The building contains eight units, each approximately 823 square feet, configured with 2 bedrooms and 1 bathroom. Unit interiors include painted walls, tile plank and vinyl laminate flooring, self-closing cabinets, quartz countertops, stainless steel appliances, and tiled tub/shower combinations. Each unit is arranged with an open-concept living area connected to a kitchen with a breakfast bar, and includes 3 mini-split air conditioning units. The property has a fully fenced site and includes 12 parking spaces plus an onsite trash container facility. Exterior improvements include a replaced shingle roof, new windows and doors, and exterior repainting. The location is within blocks of the Colorado River and near restaurants, shopping, and hospitals.

Property type Other apartment buildings

Use group APARTMENT HOUSE (5+ UNITS)

Year built 1992

Construction STEEL FRAME

Total area 6,588 SF

Lot 0.27 ac (11,761 SF)

APN 219-17-172A

UPID US07-0129609

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

1772 Rio Grande Rd Bullhead City, AZ 86442-4757

Bullhead City metro Census 951702 LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

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Comparable Approach Comparable

$1.04M

Blend (final) Blend

$500k

since 2021

5 recorded transactions

2021

Price N/A

2005

$440,000

2004

$369,000

2003

$235,000

1969

Price N/A

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6 recent transactions · within 1.5 mi

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