2046 Riviera Blvd, Bullhead City, AZ
Multi-family for Sale - $267,750 - 1,488 Sq. Ft. on 0.19 acres
Property Info
| CIMLS# | 57186 |
| Location 2046 Riviera Blvd Bullhead City AZ 86442 | |
| Updated | February 29th, 2008 |
| Type | Multi-family |
| Price | $267,750 |
| Building | 1,488 Sq. Ft. |
| Land | 0.19 acres |
Property Description
A DIAMOND IN THE ROUGH! This 4-plex is that unpolished gem that just needs a little bit of work to make it shine. This is your classic fixer-upper--just needs some tender loving care. Near river recreation and shopping, and convenience store. Has had a history of high occupancy, currently one unit just went vacant. Unit 4 vacant, and ready to rent--all cleaned up! Rents are a little below market value--thus room for creating additional value.
Financials
Gross Income. . . . .$23,760
Vacancy Factor. . . .$1,425
Adjusted Income . . .$22,334
Expenses Per Year:
Insurance. . . . . . $1200
Water. . . . . . . . $708
Trash. . . . . . . . $708
Real Estate Taxes. . $1117
Sewer. . . . . . . . $1380
Sewer Assessment. . .$750
Maintenance. . . . . $900
Total Expenses. . . .$6763.00
Net Income. . . . . .$$15,571
These figures are actual