1641 Turquoise Rd

Bullhead City AZ 86442

23958 sq. ft.

Condo

Currently for sale - view listing

Overview

Two multi-family buildings just one block off Highway 95 in a prime central Bullhead City location. 1629 & 1641 Turquoise Road offer a total of 14 remodeled units with a mix of floor plans and strong rental history, making this a solid income-producing asset from day one. The unit mix includes two 3 bedroom, 2 bath units, two 2 bedroom, 1 bath units, and ten 1 bedroom, 1 bath units. Current rents are $1,200/$1,250 for the 3/2 units, $1,100 for each of the 2/1 units, and $750 to $850 for the 1/1 units, with most at $800. Nine of the fourteen units are currently occupied, with the remaining units undergoing their remodels & ready shortly for new tenants. The owner pays water, sewer, and trash, while tenants cover electric. Each building features ample open, uncovered parking and on-site coin laundry. This central location is close to shopping, dining, schools, and the Colorado River. With a projected 8.5% cap rate, this is a turnkey investment opportunity in a high-demand rental area with room to increase rents over time ideal for portfolio growth or a 1031 exchange.