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Multifamily

434 River Glen Dr

434 River Glen Dr, Bullhead City, AZ 86429

Listing Price: $3,700,000

Cap Rate
7.05%
Number of Units
35
Price/Unit
$105,714
Price/Gross SF
$227.38
Gross SF
16,272

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 434 River Glen Drive, a 35-unit multifamily investment property located in Bullhead City, AZ. Situated on a 0.57-acre lot, 434 River Glen Drive offers a desirable mix of studio, one, and two-bedroom floor plans and amenities including a swimming pool, surface parking, and on-site laundry. 434 River Glen Drive benefits from its unique location, situated directly across the Colorado River from Laughlin, NV. Within the Bullhead City/ Laughlin economic sphere are numerous casinos and the Laughlin/ Bullhead International Airport, all major employment and housing drivers for the area. This positioning at the epicenter of two major employment hubs ensures ample tenant employment opportunities and provides a consistent rental demand. 434 River Glen Drive's near waterside location allows tenants to enjoy the plethora of water sports and recreational activities along the Colorado River. Furthermore, the property is just 3 miles south of the Riviera community, one of the founding communities of Bullhead City that offers residents plenty of options for their everyday needs. Given the property’s exceptional location near the Colorado River, 434 River Glen Drive is well suited to attract a desirable renter pool and provide investors with strong returns over the long term investment horizon.

Investment Highlights

  • Excellent Mix of Studio, One, & Two-Bedroom Units
  • Ample Surface Parking
  • Swimming Pool & On-Site Laundry
  • 6 of the 35 Units are Section 8
  • Directly Across the Colorado River From Laughlin, NV, Providing Ample Auxiliary Employment Opportunities for Residents
  • Near Waterfront Location on the Colorado River Allowing Residents Easy Access to Numerous Water Sports & Recreational Activities
  • Within a 1.40-Mile Radius of US Route 95 & the Laughlin/Bullhead International Airport
  • 2.60 Miles From Western Arizona Regional Medical Center, the Premier Employer in Bullhead City

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Financing By

Multifamily

434 River Glen Dr

Listing Price: $3,700,000

Cap Rate
7.05%
Number of Units
35
Price/Unit
$105,714
Price/Gross SF
$227.38
Gross SF
16,272

Investment Highlights

  • Excellent Mix of Studio, One, & Two-Bedroom Units
  • Ample Surface Parking
  • Swimming Pool & On-Site Laundry
  • 6 of the 35 Units are Section 8
  • Directly Across the Colorado River From Laughlin, NV, Providing Ample Auxiliary Employment Opportunities for Residents
  • Near Waterfront Location on the Colorado River Allowing Residents Easy Access to Numerous Water Sports & Recreational Activities
  • Within a 1.40-Mile Radius of US Route 95 & the Laughlin/Bullhead International Airport
  • 2.60 Miles From Western Arizona Regional Medical Center, the Premier Employer in Bullhead City

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 434 River Glen Drive, a 35-unit multifamily investment property located in Bullhead City, AZ. Situated on a 0.57-acre lot, 434 River Glen Drive offers a desirable mix of studio, one, and two-bedroom floor plans and amenities including a swimming pool, surface parking, and on-site laundry. 434 River Glen Drive benefits from its unique location, situated directly across the Colorado River from Laughlin, NV. Within the Bullhead City/ Laughlin economic sphere are numerous casinos and the Laughlin/ Bullhead International Airport, all major employment and housing drivers for the area. This positioning at the epicenter of two major employment hubs ensures ample tenant employment opportunities and provides a consistent rental demand. 434 River Glen Drive's near waterside location allows tenants to enjoy the plethora of water sports and recreational activities along the Colorado River. Furthermore, the property is just 3 miles south of the Riviera community, one of the founding communities of Bullhead City that offers residents plenty of options for their everyday needs. Given the property’s exceptional location near the Colorado River, 434 River Glen Drive is well suited to attract a desirable renter pool and provide investors with strong returns over the long term investment horizon.

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

Financing By

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