Sunset Suites Apartments
Multifamily | 7.50% CAP
Marketing description
Marcus & Millichap is pleased to announce the opportunity to acquire Sunset Suites, 55 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
Sunset Suites offers its tenants an affordable, attractive, quite and simple place to live. The unit mix consists of large furnished studio units 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 an elevator that serves all floors of the building.
Sunset 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.
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