Description
9-UNIT Apartment Complex FOR SALE in Lake Havasu City! 100% Occupied with tenants at MARKET RENT!!! (#1 $1,250; #2 $1,175; #3 $1,250; #4 $1,175; #5 $1,175; #6 $1,175; #7 $1,250; #8 $1,250; #9 $1,099 - soon to be $1,175). Based on the annual gross income and expenses, this property should yield you a 6.2% CAP RATE on your investment! Boasting Nine 2-bed 1-bath units that are approximately 850 sq ft each with an open floor plan, large bedrooms, and graciously sized baths! This property features a common area courtyard, coin operated laundry room, and carport parking! This two building apartment complex has a newly painted exterior, fresh landscaping, several updated or refreshed units, newly improved ingress/egress concrete, and new tinted front windows! The first building had a new roof estimated 6 years ago, both roofs rerolled estimated 2 years ago, several AC units were refurbished units installed within the last 7 years with existing extended warranties. Please inquire within for all showings!
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0BEDS
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0.35ACRES
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0BATHS
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01/2 BATHS
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7,756SQFT
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$245$/SQFT
School Ratings & Info
Description
9-UNIT Apartment Complex FOR SALE in Lake Havasu City! 100% Occupied with tenants at MARKET RENT!!! (#1 $1,250; #2 $1,175; #3 $1,250; #4 $1,175; #5 $1,175; #6 $1,175; #7 $1,250; #8 $1,250; #9 $1,099 - soon to be $1,175). Based on the annual gross income and expenses, this property should yield you a 6.2% CAP RATE on your investment! Boasting Nine 2-bed 1-bath units that are approximately 850 sq ft each with an open floor plan, large bedrooms, and graciously sized baths! This property features a common area courtyard, coin operated laundry room, and carport parking! This two building apartment complex has a newly painted exterior, fresh landscaping, several updated or refreshed units, newly improved ingress/egress concrete, and new tinted front windows! The first building had a new roof estimated 6 years ago, both roofs rerolled estimated 2 years ago, several AC units were refurbished units installed within the last 7 years with existing extended warranties. Please inquire within for all showings!
© 2023 Lake Havasu Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lake Havasu City Properties. Data last updated: 2023-03-20T14:39:29.623.