468 Sunfield Dr Lake Havasu City, AZ 86404

Property Details for 468 Sunfield Dr

Year built

1981

Property size

3,071 SF

Property type

Churches & religious facilities

APN

108-26-131

Description

This exceptional Lake Havasu City, Arizona property, located at 468 Sunfield Dr, 86404, presents a unique investment opportunity. The 3,071 square foot property, built in 1981 and renovated in 1987, sits on a 10,672 square foot lot (APN: 108-26-131) and features two buildings, each one story. Currently operating as a successful boutique hotel and short-term vacation rental, it boasts a 75% occupancy rate (as of October 6, 2024) and a strong rental history (available to qualified buyers). The property includes two units, each with multiple bedrooms and bathrooms, totaling eight bedrooms and five baths. Amenities include a main kitchen and three kitchenettes, three full-sized and three dorm-sized refrigerators, four electric fireplaces, two washers and dryers, a built-in BBQ area, and a 10-person swim spa. Further enhancing its appeal are solar panels, two 50-amp EV charging ports, nine new mini-splits, a web app, and a 16-camera surveillance/alarm system. All furnishings and decor convey. The asking price is $1,790,000 ($582.87/sq ft, $895,000/unit), with a current NOI of $182,058 and a pro-forma NOI of $164,131, reflecting a cap rate of 10.17% and a pro-forma cap rate of 9.17%. The property is zoned for single-family residential use. Buyer to verify all measurements and independently assess short-term rental potential and ROI.