3116 Leawood Dr, Lake Havasu City, AZ 86404
This exceptional two-unit apartment building, located at 3116 Leawood Dr in Lake Havasu City, Arizona, presents a compelling investment opportunity. Built in 2002, the property boasts a total of 2,000 square feet situated on a sizable 0.28-acre lot (12,260 square feet). The property is zoned L-R-2 Two-Family Residential, ensuring its suitability for its current use. Each of the two units offers a comfortable floor plan, including two bedrooms and two bathrooms, along with convenient laundry hookups. Residents enjoy covered patios and fenced backyards, providing privacy and outdoor living space. The property features ample parking, including a two-car garage and additional side parking, accommodating a total of two spaces. The prime Northside location offers proximity to a variety of amenities, including shops, bars, restaurants, and is just minutes away from the lake and boat launch ramps. Lake and mountain views are visible from the front yard. The property benefits from long-term renters, making it an attractive investment with stable income potential. This well-maintained duplex is a must-see for discerning investors seeking a strong return on investment in a desirable location. The APN is 112-12-295. The asking price is $489,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.