Multi-Family Invesment Opportunity
Land | 0.51 acres
Marketing description
PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY - LAKE HAVASU CITY
Exceptional Half-Acre Corner Lot with Lake & Mountain Views
Discover an outstanding investment opportunity on prestigious Pirate Lane! This premium 0.51-acre corner lot offers 22,216 square feet of prime multi-family development potential in the heart of Lake Havasu City's desirable LHC-Central area. Full Construction Documents are ready for the property as well.
Key Investment Highlights
Ready-to-Build Opportunity - Full Construction Documents available with this property for 2, luxury Duplexes. Available Development, project management, and consulting available too.
Unit Features (Per Unit): 2,493 Sf of living space, split level, 3 bed/2.5 bath, 50x15 RV/Boat Garage
Unit Summary: 4 Units totaling nearly 10,000 Sf of living space
Spectacular Views - Enjoy breathtaking lake views, mountain vistas, and panoramic scenery that will make your future development highly marketable to discerning buyers and renters.
Prime Location - Strategically positioned on the corner of Bahama Avenue and Pirate Lane, this property offers excellent visibility and accessibility via paved, publicly maintained roads and close access to Windsor State Park
Pro Forma and Invesment Details also Available!
Development-Ready Infrastructure
L-R-M Multiple-Family Zoning - Perfect for apartments, condos, or townhomes
City water and public sewer connections available
Electricity ready for immediate hookup
Flexible Investment Options
Whether you're a seasoned developer or looking for your first multi-family project, this opportunity accommodates various investment strategies:
Build independently with ready-to-go plans with Development, project management, and consulting available too.
Partner with seller for shared development
Multiple financing options including cash, conventional, 1031 exchange, or owner financing
Investment highlights
Projected Cash on Cash return of 41% and IRR of 22%
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