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2146 Riviera Blvd 4 Unit Apartment Building $525,000 ($131,250/Unit) Bullhead City, AZ 86442

Investment Highlights
- No HOA, no rent control, and situated on owned land for operational simplicity.
- Located near the Colorado River, Rotary Park, and local boat launch access.
- Three units remodeled; one unit offers value-add potential for increased returns.
- Four-unit multifamily property with all units currently occupied, generating immediate income.
Executive Summary
2146 Riviera Blvd presents an attractive opportunity to acquire a stabilized fourplex in Bullhead City, Arizona, just minutes from the Colorado River and Rotary Park. This income-producing property consists of four two-bedroom, one-bathroom units, all currently occupied on month-to-month leases, providing immediate cash flow and flexibility for future rent optimization. Three units have undergone interior renovations, while one long-term tenant unit remains in original condition, offering a straightforward value-add opportunity.
Ownership has invested in key capital improvements, including replacement of all HVAC units, upgraded electrical with separate metering, and a newer electrical panel. The roof is well-maintained, and utilities are structured for efficiency, with tenants paying electric and the owner covering water, sewer, and trash. The property features a two-story layout with two units on each level, a shared front patio, and open parking without assigned spaces.
Located in a desirable river-adjacent neighborhood, the property benefits from proximity to local boat launches, recreational amenities, and Bullhead City’s retail and service corridors. With no HOA, no rent control, and a stable tenant base, this asset is well-positioned for long-term hold or 1031 exchange buyers seeking consistent income and future upside through rent growth.
Ownership has invested in key capital improvements, including replacement of all HVAC units, upgraded electrical with separate metering, and a newer electrical panel. The roof is well-maintained, and utilities are structured for efficiency, with tenants paying electric and the owner covering water, sewer, and trash. The property features a two-story layout with two units on each level, a shared front patio, and open parking without assigned spaces.
Located in a desirable river-adjacent neighborhood, the property benefits from proximity to local boat launches, recreational amenities, and Bullhead City’s retail and service corridors. With no HOA, no rent control, and a stable tenant base, this asset is well-positioned for long-term hold or 1031 exchange buyers seeking consistent income and future upside through rent growth.
Property Facts
| Price | $525,000 | Apartment Style | Low-Rise |
| Price Per Unit | $131,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Sale Condition | High Vacancy Property | Building Size | 1,500 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | ||
| Zoning | R2 - multiple-family residential use | ||
| Price | $525,000 |
| Price Per Unit | $131,250 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 1,500 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Zoning | R2 - multiple-family residential use |
Amenities
Unit Amenities
- Balcony
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Presented by
Kenneth L. Sondgeroth Realtor
2146 Riviera Blvd
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