437 Riverfront Drive, Bullhead City, Arizona 86442

$1,300,000

Property Description

Rare riverfront multi-unit residential income property located in Hancock Acres on a deep lot with 6 individual units, two riverfront MFH plus 3 other MFH and one site-built unit on .72 acres with 100' of river frontage. Units are legal while non-conforming, parcel zoned R1MH. Unit 4, which is right side riverfront 2b/2b leased @ $1,200 monthly through 2/2021, Unit 5 is rented mtom @ $1,500 month includes 2 car garage, Unit 2 is vacating July/2020. Quiet luxury riverfront location. This large private riverfront is located at the western tip of the Bullhead Peninsula and is directly across river from the popular Laughlin Lagoon and Laughlin Bay Marina property in Nevada. See listing on 441-445 Riverfront Drive, also on the market, there is an opportunity here to do a riverfront assemblage and a new multi-unit riverfront development. Desert Isle a gated riverfront community is downriver. Finger gangway to dock system is in good condition. 3 of the units are occupied, leased/rented. Some of the remaining units require various levels of upgrade prior to rental/occupancy, property sold as-is where-is. Property is a New Markets Tax Credit and Opportunity Zone.

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Listing courtesy of River Valley Realty L.L.C..

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