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468 Sunfield Dr

3,071 SF Specialty Building Offered at $1,790,000 at a 9.17% Cap Rate in Lake Havasu City, AZ 86404

Investment Highlights

  • *Boutique Hotel *Exquisite Unobstructed Perfectly Centered Sunsets *Proven Income *Super Host on Airbnb *1,200 Five Star Reviews

Executive Summary

Calling All Savvy Investors !! Income Gem With Exquisite And Unobstructed Perfectly Centered Sunsets Seen From Almost Every Room In Both Houses. New Spectacular Spa Bathroom Addition!! Boutique Bed And Breakfast Style Residential Income Property. This Owner Has Property Bookings In To March 2023. Rental History, Income Tax And P&L For 2020-2023 Will Be Available To Qualified Buyers. Main House, Guest House, With A Maintenance/Staff Quarters That Can Be Converted Into More Rental Potential Equaling A Total Of 8 Bedrooms And 6 Baths. 1 Main Kitchen With 3 Kitchenettes. 3 Full Sized Refrigerators And 3 Dorm Sized Refrigerators. 4 Electric Wall Mounted Fireplaces. 2 Washers And 2 Dryers. Large Built In BBQ Area, Above Ground 10 Person Swim Spa. Solar Owned With Two 50 Amp EV Charging Ports. Web App. Surveillance/Alarm DVR System 16 Installed Cameras Will Support Up To 24 Total. Buyer To Verify All Measurements. Buyers to Acknowledge The Need To Satisfy Themselves In Regards To The Short -Term Rentability Of The Property, As Well As About Any Potential Returns On Investment.

Financial Summary (Actual - 2021)

Annual Annual Per SF
Gross Rental Income $182,058 $59.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $182,058 $59.28
Taxes $2,207 $0.72
Operating Expenses $15,718 $5.12
Total Expenses $17,925 $5.84
Net Operating Income $164,133 $53.45

Financial Summary (Actual - 2021)

Gross Rental Income
Annual $182,058
Annual Per SF $59.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $182,058
Annual Per SF $59.28
Taxes
Annual $2,207
Annual Per SF $0.72
Operating Expenses
Annual $15,718
Annual Per SF $5.12
Total Expenses
Annual $17,925
Annual Per SF $5.84
Net Operating Income
Annual $164,133
Annual Per SF $53.45

Property Facts

Price $1,790,000
Price Per SF $583
Sale Type Investment
Cap Rate 9.17%
Property Type Specialty
Property Subtype
Residential Income
  • Multifamily Dormitory
Building Class C
Lot Size 0.25 AC
Building Size 3,071 SF
No. Stories 1
Year Built 1981

zoning

Zoning Code R-1 (Single-Family)
R-1 (Single-Family)
  • Listing ID: 26414685

  • Date on Market: 8/16/2022

  • Last Updated:

  • Address: 468 Sunfield Dr, Lake Havasu City, AZ 86404

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