Log In/Sign Up
Your email has been sent.
Sunrise Apartments 320 Lee Ave 79 Unit Apartment Building $11,290,656 CAD ($142,920 CAD/Unit) 7.50% Cap Rate Bullhead City, AZ 86429
Executive Summary
Marcus & Millichap is pleased to announce the opportunity to acquire Sunrise Suites, 79 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.
Sunrise Suites offers its tenants an affordable, attractive, quiet and simple place to live. The unit mix consists of large furnished studio, one bedroom and two bedroom floorplans 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 a refreshing swimming pool for tenants to enjoy.
Sunrise 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.
Sunrise Suites offers its tenants an affordable, attractive, quiet and simple place to live. The unit mix consists of large furnished studio, one bedroom and two bedroom floorplans 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 a refreshing swimming pool for tenants to enjoy.
Sunrise 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 | $11,290,656 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $142,920 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.49 AC |
| Cap Rate | 7.50% | Building Size | 40,843 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 85% |
| No. Units | 79 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2025 |
| Property Subtype | Apartment |
| Price | $11,290,656 CAD |
| Price Per Unit | $142,920 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 79 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.49 AC |
| Building Size | 40,843 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built/Renovated | 1984/2025 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Refrigerator
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | $1,149 CAD | 442 |
| 1+1 | 27 | $1,149 CAD | 500 |
| 2+1 | 12 | $1,422 CAD | 808 |
Property Taxes
| Parcel Number | 214-06-103 | Improvements Assessment | $3,235,331 CAD |
| Land Assessment | $587,690 CAD | Total Assessment | $3,823,020 CAD |
Property Taxes
Parcel Number
214-06-103
Land Assessment
$587,690 CAD
Improvements Assessment
$3,235,331 CAD
Total Assessment
$3,823,020 CAD
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Sunrise Apartments | 320 Lee Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.