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30881567
30888982

320 Lee Ave, Bullhead City, AZ 86429

RB
AZ SA031210000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix
$8,300,000
90 days on market
Updated 83 days ago

Sunrise Suites Apartments

Details
APN 214-06-103
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 40,843
Units 79
Cap Rate 7.50%
Occupancy 85%
Broker Co-Op Yes
Class C
Year Built 1984
Year Renovated 2025
Buildings 1
Stories 3
Acreage 2.500
Investment Type Stabilized

Affordable multi-family property in growing Arizona city.

Marketing description

Marcus & Millichap is pleased to announce the opportunity to acquire Sunrise Suites, 79 units located in the vibrant, family oriented community of Bullhead City, AZ. Situated on the east bank of the Colorado River, near the juncture of Arizona, California and Nevada, Bullhead City offers a high quality of life with its affordable cost of living and serves as the economic and retail hub of Mohave County and Clark County where Laughlin, NV is located. With 300 sunny days a year, approximately 2,000,000 visitors and tourists frequent Laughlin (just 5 minutes west) with its resort/gaming industry, and the Colorado River with its area water sports, golf and fishing. The winter visitor activity in Bullhead City is also a growing phenomenon.

Investment highlights

Sunrise Suites offers its tenants an affordable, attractive, quiet and simple place to live. The unit mix consists of large furnished studio, one bedroom and two bedroom floorplans with all utility costs included in the rent. The three story building also offers a dedicated leasing office adjacent to a large workout room and a convenient laundry room. There is also a refreshing swimming pool for tenants to enjoy.

Sunrise Suites offers a buyer the ability to invest in a very stable, low priced building in an extremely tight rental market. Please arrange all property tours through the Listing Agent.

Listing Contacts

RB
AZ SA031210000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix

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