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357 Rio Grande Ct - Fully Occupied Fourplex 4 Unit Apartment Building Offered at $641,984 CAD at a 7.41% Cap Rate Bullhead City, AZ 86442
INVESTMENT HIGHLIGHTS
- Easy to rent, affordable
- Newer a/c units
- Open layout
EXECUTIVE SUMMARY
Turnkey investment opportunity with strong cash flow and solid returns. This fully leased fourplex features four identical 1-bedroom, 1-bathroom units, each approx. 624 sq ft, with easy-to-maintain tile flooring and newer A/C units. Current rents total $3,350/month, with tenants paying electric while owner bills back water/sewer/trash. Annual gross income of $40,200 and estimated NOI of $34,050 offer an attractive 7.25% cap rate at the $469,900 asking price. High rental demand in this affordable segment, plus a convenient multifamily-zoned location near the Colorado River, make this a smart addition to any portfolio. Was recently renovated for the interior units
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $641,984 CAD | Lot Size | 0.10 AC |
| Price Per Unit | $160,496 CAD | Building Size | 2,496 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.41% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1985/2022 |
| Property Type | Multifamily | Parking Ratio | 1.6/1,000 SF |
| Building Class | C | ||
| Zoning | Multifamily | ||
| Price | $641,984 CAD |
| Price Per Unit | $160,496 CAD |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,496 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Refrigerator
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,152 CAD | 624 |
PROPERTY TAXES
| Parcel Number | 219-17-094 | Total Assessment | $490,742 CAD (2026) |
| Land Assessment | $28,014 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $462,728 CAD (2026) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
219-17-094
Land Assessment
$28,014 CAD (2026)
Improvements Assessment
$462,728 CAD (2026)
Total Assessment
$490,742 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Kenneth L. Sondgeroth Realtor
357 Rio Grande Ct - Fully Occupied Fourplex
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