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River Glen Apartments - **PRICE REDUCED** 434 River Glen Dr 35 Unit Apartment Building $3,850,000 ($110,000/Unit) 7.52% Cap Rate Bullhead City, AZ 86429



EXECUTIVE SUMMARY
Northcap Multifamily is proud to present the River Glen Apartments, located at 464 River Glen Dr Bullhead City, AZ. This multifamily property was constructed in 1975 and is comprised of 35 well-maintained studio, one-bedroom & two-bedroom units, each ranging from 288 to 540 square feet. The apartments caters to a diverse tenant base seeking affordable and comfortable living. The community enhances tenant satisfaction with a sparkling swimming pool, on-site laundry facilities, on-site leasing office and ample parking. Investors will find value in the property’s prime location just one block from the Colorado River and consistent rental income. The neighborhood blends small-town charm with resort-like riverfront vibes, attracting retirees, families, and adventure seekers.
River Glen Apartments is co-brokered with Cathy Jones CPA, SIOR, CCIM of LOGIC Commercial Real Estate.
C: 702.595.8765
NV BS.0056010 l AZ BR578887000
River Glen Apartments is ideally located at 434 River Glen Drive in Bullhead City, Arizona, a thriving riverfront community nestled along the Colorado River directly across from Laughlin, Nevada. This strategic location positions the property within one of the most dynamic micromarkets in the tri-state region, benefiting from both Arizona’s affordability and Nevada’s resort-driven tourism economy. Residents enjoy the best of both worlds — relaxed, small-town desert living with immediate access to the entertainment, dining, and employment opportunities in the Laughlin casino corridor, just five minutes away via the Bullhead Parkway Bridge. The property sits less than 10 minutes from Laughlin/Bullhead International Airport, offering convenient regional connectivity.
Everyday conveniences are within easy reach, with nearby retail centers such as Marina Plaza, Target, and Walmart Supercenter, as well as a variety of local restaurants, medical facilities, and service providers. Outdoor enthusiasts benefit from proximity to the Colorado River, Lake Mohave, and Katherine Landing Recreation Area, offering year-round boating, fishing, and water sports. Bullhead City continues to experience population and employment growth driven by expanding healthcare, education, and tourism sectors. With its strong quality-of-life appeal, low cost of living, and strategic location near major highways (Highway 95 and Highway 68), the market has proven resilient and attractive for both residents and investors alike.
River Glen Apartments is co-brokered with Cathy Jones CPA, SIOR, CCIM of LOGIC Commercial Real Estate.
C: 702.595.8765
NV BS.0056010 l AZ BR578887000
River Glen Apartments is ideally located at 434 River Glen Drive in Bullhead City, Arizona, a thriving riverfront community nestled along the Colorado River directly across from Laughlin, Nevada. This strategic location positions the property within one of the most dynamic micromarkets in the tri-state region, benefiting from both Arizona’s affordability and Nevada’s resort-driven tourism economy. Residents enjoy the best of both worlds — relaxed, small-town desert living with immediate access to the entertainment, dining, and employment opportunities in the Laughlin casino corridor, just five minutes away via the Bullhead Parkway Bridge. The property sits less than 10 minutes from Laughlin/Bullhead International Airport, offering convenient regional connectivity.
Everyday conveniences are within easy reach, with nearby retail centers such as Marina Plaza, Target, and Walmart Supercenter, as well as a variety of local restaurants, medical facilities, and service providers. Outdoor enthusiasts benefit from proximity to the Colorado River, Lake Mohave, and Katherine Landing Recreation Area, offering year-round boating, fishing, and water sports. Bullhead City continues to experience population and employment growth driven by expanding healthcare, education, and tourism sectors. With its strong quality-of-life appeal, low cost of living, and strategic location near major highways (Highway 95 and Highway 68), the market has proven resilient and attractive for both residents and investors alike.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $110,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.58 AC |
| Cap Rate | 7.52% | Building Size | 22,400 SF |
| No. Units | 35 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $3,850,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 22,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $1,025 | 288 - 360 |
| 1+1 | 22 | $1,100 | 360 - 540 |
| 2+1 | 8 | $1,250 | 540 |
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PROPERTY TAXES
| Parcel Number | 214-03-016 | Total Assessment | $743,604 (2026) |
| Land Assessment | $156,508 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $587,096 (2026) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
214-03-016
Land Assessment
$156,508 (2026)
Improvements Assessment
$587,096 (2026)
Total Assessment
$743,604 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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River Glen Apartments - **PRICE REDUCED** | 434 River Glen Dr
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