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Multifamily

Sunset Apartments

2220 Rancho Colorado Blvd, Bullhead City, AZ 86442

Listing Price: $5,800,000

Cap Rate
7.50%
Number of Units
55
GRM
5,800,000.00
Price/Unit
$105,455
Price/Gross SF
$142.01
Gross SF
40,843

Investment Overview

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

  • Ideal furnished unit mix
  • All utilities included in rents
  • Amenities include workout room, laundry room, pool and on-site leasing office

Exclusively Listed By

Listing Price: $5,800,000

Cap Rate
7.50%
Number of Units
55
GRM
5,800,000.00
Price/Unit
$105,455
Price/Gross SF
$142.01
Gross SF
40,843

Investment Highlights

  • Ideal furnished unit mix
  • All utilities included in rents
  • Amenities include workout room, laundry room, pool and on-site leasing office

Investment Overview

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.

Exclusively Listed By

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