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Desert Sun Apartments 1770 Arriba Dr 48 Unit Apartment Building $6,979,600 CAD ($145,408 CAD/Unit) 6.02% Cap Rate Bullhead City, AZ 86442
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to announce the opportunity to acquire Desert Sun Apartments, 48 units located in the vibrant, family oriented community of Bullhead City, AZ. Desert Sun offers its tenants an affordable, attractive, quiet and simple place to live. The unit mix consists of large one, two and three bedroom floorplans that include space to add a washer/dryer in each unit inside a utility closet where the individual hot water heaters are located. The property also offers covered parking for each tenant, a dedicated leasing office adjacent to the convenient laundry room and large owner's storage/maintenance shop.
Desert Sun Apartments offers a buyer the ability to invest in a very stable, low priced building in an extremely tight rental market. Further enhancing the appeal of the offering is the Seller's willingness to extend long-term financing to a qualified borrower.
Please arrange all property tours through the Listing Agent.
Desert Sun Apartments offers a buyer the ability to invest in a very stable, low priced building in an extremely tight rental market. Further enhancing the appeal of the offering is the Seller's willingness to extend long-term financing to a qualified borrower.
Please arrange all property tours through the Listing Agent.
PROPERTY FACTS
| Price | $6,979,600 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $145,408 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 4.84 AC |
| Cap Rate | 6.02% | Building Size | 42,482 SF |
| No. Units | 48 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1991 |
| Price | $6,979,600 CAD |
| Price Per Unit | $145,408 CAD |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 4.84 AC |
| Building Size | 42,482 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1991 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Storage Space
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 680 |
| 2+1 | 32 | - | 780 |
| 3+1 | 4 | - | 850 |
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PROPERTY TAXES
| Parcel Number | 220-04-104 | Improvements Assessment | $2,900,686 CAD |
| Land Assessment | $279,755 CAD | Total Assessment | $3,180,441 CAD |
PROPERTY TAXES
Parcel Number
220-04-104
Land Assessment
$279,755 CAD
Improvements Assessment
$2,900,686 CAD
Total Assessment
$3,180,441 CAD
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Desert Sun Apartments | 1770 Arriba Dr
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