Closed escrow 12-22,2017 $570,000.
5080 & 5090 S La Calzada, Fort Mohave AZ 86426
Fort Mohave Fourplexes For Sale
Fort Mohave Multifamily Property For Sale
Fort Mohave Multiunit Property For Sale
Fort Mohave is a small, desirable unincorporated area of Mohave County, AZ. It has mostly residential homes, and virtually no multifamily properties. Fort Mohave has few apartment complexes and duplexes/fourplexes with rare turnover.
And the area is ‘prom queen’ with lower taxes and more wide-open spaces than adjacent Bullhead City, no lease privilege taxes for leasing commercial space, several beautiful new residential developments and established luxury home developments.
There is a newer, state of the art medical center with air transport, and it’s all within a few minutes of the beautiful Colorado River.
If you are looking for Fort Mohave Multifamily Property For Sale, a rare availability has hit the market.
5080 and 5090 S La Calzada, Fort Mohave AZ 86426 are a pair of Fort Mohave Fourplexes For Sale in a semi-rural area that has virtually nothing like them.
The location is excellent, just 2 blocks off Highway 95, making it easy for a tenant to get to work at the nearby Valley View Medical Center, local grocery and shopping centers. The Veteran’s Memorial Bridge to the Avi Resort and Laughlin, Nevada is a short hop away. And a new Fort Mohave Walmart Supercenter is going up just a few blocks south of the property.
The buildings themselves have some rare and desirable amenities as well, benefitting both landlord and tenants.
The buildings share a well, and have septic tanks. That means no water or sewer bills.
The fourplexes each sit on an acre + lot, and are situated along the frontage of those lots with lots of acreage behind them.
Mohave County Ordinances say that in a RM1A (multifamily, 1 acre minimum lot size) zone, if you can provide sufficient utilities, ingress and egress, the number of units are dictated by how many fit in the setbacks. So there is the potential for expansion with County approval.
The units (8 in all) are spacious 800 SF 2/1 units, each with their own attached garage. That is HUGE in our area, where many units have carports or no covered parking at all, let alone your own garage with laundry hookups. Each building has 2 units with a 1 car garage, and 2 with 2 car garages — all attached with 7 foot doors, 20 feet deep. Convenient for tenants who like their toys near and dear! (NOTE that the interior pictures are a representative sampling – other units may be different inside)
These units are 100% occupied, generating excellent rental income with low expenses.
The offering price of $299,900 for each fourplex is realistic; income analysis indicates an 8 CAP rate for this investment (subject to a buyer’s insurance and management costs). Septic and well have been recently certified; recent termite, well, septic and water quality reports are on file and full info package is available for interested parties.
The buildings may be purchased individually or together.
To obtain additional information or get the offer process started on this excellent opportunity, contact us.
Cash flowin’ on the River . . .