Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 1567 & 1587 Sierra Vista Drive in Bullhead City, Arizona. This 22-unit multifamily investment property sits on two contiguous parcels with a total lot size of 29,621 square feet. Built in 1993, 1567 Sierra Vista Drive (APN 214-28-040) consists of a one-story building with eight one-bedroom/one-bathroom floor plans and a two-story building with four two-bedroom/one-bathroom floor plans. All one-bedroom units feature a fenced patio, wall unit air conditioning and have recently been renovated with new tiles, new electrical and plumbing installed. The two-bedroom units offer central air conditioning. The property features spacious driveway and plenty of on-site parking in the front and rear of the buildings. Similarly, 1587 Sierra Vista Drive (APN 214-28-039) is built in 1984 and consists of a one-story building with eight one-bedroom/one-bathroom floor plans and a two-story building with two two-bedroom/one-bathroom floor plans. Ninety percent of this property has been renovated with new tiles, new electrical and plumbing installed. Each unit offers a fenced patio, wall unit air conditioning and on-site open parking. All units are individually metered for electricity. The property is conveniently located two blocks away from the principal thoroughfare in Bullhead City, the Mohave Valley Highway that takes commuters south to Fort Mohave and north to Laughlin where the Laughlin-Bullhead International Airport is located. Multiple department stores are located within one mile radius of the property including Smart & Final Extra, Hobby Lobby, Big Lots, Big 5 Sporting Goods, Harbor Freight Tools and Walgreens. In addition, the property is within six minutes’ drive from Bullhead City Rotary Park, located along the Colorado River with a small beach. The park features bike lanes, skatepark, soccer fields, dog park, golf course, pickleball courts and baseball fields. Located along the Colorado River, Bullhead City offers plenty of everything: the casinos, shows, and nightlife of Laughlin, the water sports of the Colorado River, hiking the mountains, and the resorts around Lake Mohave and its hot springs. Not far from Bullhead City, resident and visitors can explore the Mohave National Preserve, the Dead Mountains Wilderness Area, Havasu National Wildlife Refuge, Grand Canyon National Park, Prescott National Forest, and Joshua Tree National Park. Only about an hour southeast of Las Vegas, Bullhead City Residents can venture into the city for the world-famous casinos, shows, and events. Because of this fantastic location, Bullhead City continues to attract new residents.