2146 Riviera Boulevard, Bullhead City, AZ 86442

Property Description

Looking for a stabilized multifamily investment with room to increase returns? This Bullhead City fourplex offers immediate income, a strong history of improvements and future upside, all in a convenient location near Rotary Park, the Colorado River and local boat launch access. The property consists of four 2-bedroom, 1-bathroom units, each currently rented at $950 per month. All four units are occupied on month-to-month agreements, giving a new owner flexibility while benefiting from established tenants and income from day one. Current rents are below market, creating an opportunity for future growth. Three units have already received interior remodels, while the fourth remains in original condition with a long-term tenant in place. Since purchasing the property in 2018, the owner has made several major improvements including replacing all four HVAC systems, upgrading the electrical with separately metered power and a newer electrical panel, and keeping the roof well maintained. Tenants are responsible for their individual electric bills, while the owner pays water, sewer and trash. The building is arranged with two units on the lower level and two upstairs, plus a shared front patio and open parking with no assigned spaces. With no garages, laundry facilities or additional storage areas to maintain, operations remain relatively simple. The property is currently self-managed with minimal ongoing expenses and has no HOA or rent control. It also sits on owned land. The existing tenant mix includes three single-occupant units and one family unit, with no pets permitted other than service animals. Whether you are adding another multifamily property to your portfolio, looking for a long-term hold or searching for a potential 1031 exchange, this property combines established cash flow today with additional income potential for tomorrow.