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2312 Palisades Dr, Lake Havasu City, AZ 86403

$599,000
Property Type: Multi-Family Square Footage: 2,864 Lot Size (sq. ft.): 17,424 Status: Pending
Current Price: $599,000 List Date: 10/02/2025 Last Modified: 4/06/2026

Overview

Description

Great INVESTMENT OPPORTUNITY! This fully occupied 4-Plex in Lake Havasu City presents an excellent investment opportunity, ideally located near Highway 95 in a desirable neighborhood. The property features four units: Unit 1 with 2 bedrooms and 1 full bath, Unit 2 with 2 bedrooms and 1 full bath, Unit 3 with 1 bedroom and a newly remodeled full bath, and Unit 4 with 1 bedroom and 1 full bath. Three out of four AC units/heat pumps have been recently replaced for energy efficiency. The property includes a shared laundry area for Units 3 and 4, with individual hookups for Units 1 and 2, and independent electrical meters for each unit. On-site water and trash services are available, along with a two-car garage and additional parking spaces. With an estimated 5% cap rate, this property offers a strong return on investment and is a prime addition to any real estate portfolio.

Listing Details MLS# 1037438

Basic Information

Multi Type
Quadruplex

Location

Street No.
2312
Street
Palisades Dr
State
AZ
Zip Code
86403
County
Mohave
Subdivision/Community
Lake Havasu City
Area
LHC-North
Tract
2192
Block
Yes
Lot
13
Twp
14N
Sec
35
Zoning
L-R-4 R4 Multiple Family Residential
Cross Street
College and Palisades
Parcel ID
104-47-013

Property Information

Year Built
1971
Less Than 1 Acre
Yes
Apx Lot Dim
130' x 226.60'
Lot SqFt
17424
Acres
0.4
Total Buildings
3
Total # Units
4
Pool
No
Apx Living SqFt
2864
SqFt Source
Owner
New Construction
No
Builder Name
Unknown

Remarks

Public Remarks
Great INVESTMENT OPPORTUNITY! This fully occupied 4-Plex in Lake Havasu City presents an excellent investment opportunity, ideally located near Highway 95 in a desirable neighborhood. The property features four units: Unit 1 with 2 bedrooms and 1 full bath, Unit 2 with 2 bedrooms and 1 full bath, Unit 3 with 1 bedroom and a newly remodeled full bath, and Unit 4 with 1 bedroom and 1 full bath. Three out of four AC units/heat pumps have been recently replaced for energy efficiency. The property includes a shared laundry area for Units 3 and 4, with individual hookups for Units 1 and 2, and independent electrical meters for each unit. On-site water and trash services are available, along with a two-car garage and additional parking spaces. With an estimated 5% cap rate, this property offers a strong return on investment and is a prime addition to any real estate portfolio.
Directions
College Rd to Pasiades Dr, Turn Right, 4 Plex on the right side

Status Change Info

Under Contract Date
2026-04-06

More Information

Annual Costs

Annual Trash $
5000

Unit 1

Unit No
Yes
Rent/Month
1400
Bathrooms
Yes
Apx. Living SqFt
832
Occupied Y/N
Yes
Parking Spaces
2

Unit 2

Unit No
2
Rent/Month
1300
Bathrooms
Yes
Apx. Living SqFt
832
Occupied Y/N
Yes
Parking Spaces
2

Unit 3

Unit No
3
Rent/Month
900
Bathrooms
Yes
Apx. Living SqFt
600
Occupied Y/N
Yes
Parking Spaces
2

Unit 4

Unit No
4
Rent/Month
750
Bathrooms
Yes
Apx. Living SqFt
600
Occupied Y/N
Yes

Taxes/Assessments/HOA

Taxes
1715
Tax Yr
2025
Assessments
No
HOA
No

Unit 1 Info

Ceiling Fan(s)
Yes
Dishwasher
Yes
Refrigerator
Yes

Unit 2 Info

Ceiling Fan(s)
Yes
Porch/Patio/Deck
Yes
Refrigerator
Yes

Unit 3 Info

Ceiling Fan(s)
Yes
Refrigerator
Yes

Unit 4 Info

Balcony
Yes
Ceiling Fan(s)
Yes

Construction

Wood Frame
Yes

Cooling

Central Air
Yes

Garage/Parking

Detached
Yes
Door - 7 Ft Height
Yes

Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Heating

Heat Pump
Yes

Utilities

Electricity Available
Yes

Lockbox Location

None
Yes

Water

Public
Yes

Sewer

Public Sewer
Yes

Owner Pays

Landscaping/weed control
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Roof

Shingle
Yes

Tenant Pays

Electricity
Yes

Property Features

Unit 1 Info: Ceiling Fan(s); Dishwasher; Refrigerator Unit 2 Info: Ceiling Fan(s); Porch/Patio/Deck; Refrigerator Unit 3 Info: Ceiling Fan(s); Refrigerator Unit 4 Info: Balcony; Ceiling Fan(s) Construction: Wood Frame Cooling: Central Air Heating: Heat Pump Lockbox Location: None Owner Pays: Landscaping/weed control; Trash Collection; Water Roof: Shingle Tenant Pays: Electricity Terms: 1031 Exchange; Cash; Conventional Utilities: Electricity Available Water: Public Sewer: Public Sewer
Listing Office: eXp Realty
Listing Agent: Edward Limbaga
IDX
Last Updated: April - 06 - 2026
Information deemed reliable but not guaranteed.

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