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Sunset Suites Apartments 2220 Rancho Colorado Blvd 55 Unit Apartment Building $7,889,856 CAD ($143,452 CAD/Unit) 7.50% Cap Rate Bullhead City, AZ 86442
Executive Summary
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.
Sunset Suites offers its tenants an affordable, attractive, quiet and simple place to live. The unit mix consists of large furnished studio units with all utility costs included in the rent. The three story building also offers a dedicated leasing office adjacent to a large workout room and a convenient laundry room. There is also an elevator that serves all floors of the building.
Sunset Suites offers a buyer the ability to invest in a very stable, low priced building in an extremely tight rental market. Please arrange all property tours through the Listing Agent.
Sunset Suites offers its tenants an affordable, attractive, quiet and simple place to live. The unit mix consists of large furnished studio units with all utility costs included in the rent. The three story building also offers a dedicated leasing office adjacent to a large workout room and a convenient laundry room. There is also an elevator that serves all floors of the building.
Sunset Suites offers a buyer the ability to invest in a very stable, low priced building in an extremely tight rental market. Please arrange all property tours through the Listing Agent.
Property Facts
| Price | $7,889,856 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $143,452 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.86 AC |
| Cap Rate | 7.50% | Building Size | 21,780 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 89% |
| No. Units | 55 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1992/2025 |
| Property Subtype | Apartment |
| Price | $7,889,856 CAD |
| Price Per Unit | $143,452 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.86 AC |
| Building Size | 21,780 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built/Renovated | 1992/2025 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Ceiling Fans
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Office
- Vinyl Flooring
Site Amenities
- Clubhouse
- Fitness Center
- Wi-Fi
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 55 | $1,217 CAD | 396 |
Property Taxes
| Parcel Number | 214-76-001 | Improvements Assessment | $2,450,416 CAD |
| Land Assessment | $312,806 CAD | Total Assessment | $2,763,222 CAD |
Property Taxes
Parcel Number
214-76-001
Land Assessment
$312,806 CAD
Improvements Assessment
$2,450,416 CAD
Total Assessment
$2,763,222 CAD
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Sunset Suites Apartments | 2220 Rancho Colorado Blvd
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