$2,200,000
$2,400,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
1151 Riverfront DR Bullhead City, AZ 86442
1.53 Acres Lot
Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Bluewater Terrace
MLS Listing ID 998972
Sold Date 08/08/23
HOA Y/N No
Annual Tax Amount $7,799
Tax Year 2022
Lot Size 1.530 Acres
Acres 1.53
Property Sub-Type Other
Property Description
Over 1.5 acres of PRIME riverfront property with ~190 ft. of shoreline!!! Zoned for multi-family, so the opportunities are endless. Currently used as an income producing RV Park with 30 spaces and 3 docks. Tenants pay all utilities except water, and own the RV/mobile home that they stay in. This means tenants are responsible for maintaining their own units, and the park owner has very low operating costs. All tenants have been informed that rents will increase to $600-$700 per month starting April 1, 2023. The new owners could keep it as an RV park, or build a riverfront apartment complex, condos, tiny homes, etc. Perfect property for an investor to have steady monthly income, or a creative investor to build out a brand new income producing business on the river.
Location
State AZ
County Mohave
Interior
Fireplace No
Exterior
Parking Features Parking Space(s)
Fence Partial, Wood
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID 214-14-024
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry
Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry
Financing 1031 Exchange
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Bought with Bullhead Laughlin Realty