Well maintained fourplex located at 2146 Riviera Blvd in $525,000

Lot For Sale near Colorado River - Mohave County

Well maintained fourplex located at 2146 Riviera Blvd in Bullhead City, Arizona, just minutes from Rotary Park, the Colorado River, and local boat launch access. This income producing property features four 2-bedroom, 1-bathroom units, all currently occupied and month-to-month, offering immediate income with flexibility for future optimization. Current rents are below market, providing clear upside for the next owner. Units 1, 3, and 4 rent at $900 per month, with Unit 2 at $950 per month. Three of the four units have completed interior remodels, while one long-term tenant occupied unit remains in original condition, presenting a straightforward value-add opportunity. Ownership pride is evident throughout. Since acquiring the property in 2018, the owner has replaced all HVAC units, upgraded the electrical with separately metered power and a newer electrical panel, and maintained the roof in good condition. Utilities are simple and predictable with tenants paying electric and the owner covering water, sewer, and trash. The property features a two-story layout with two units downstairs and two upstairs, a shared front patio area, and a free-for-all parking structure with no assigned spaces. No laundry, garages, or storage units, keeping maintenance and operating complexity low. Tenant base is stable and long term, with three single occupants and one family unit. No pets allowed except service animals. The property is self-managed, with minimal ongoing expenses, no HOA, no rent control, and sits on owned land, making it an attractive long-term hold or 1031 exchange option. This is a solid, stabilized multifamily asset in a desirable river-adjacent location with immediate cash flow and future rent growth potential.