Furnished Short-Term Rental
12123 W Bell Rd #148, Surprise, AZ 85378
For Sale
New
$155,000
A private balcony and in-unit laundry complement the furnished residence.
Property Size576 SF
Price / SF$269.10
Days on Market2
Property Features for 12123 W Bell Rd #148
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Highway Access
Multifamily Units
Amenities
private balcony
in-unit laundry
heated pool
spa
clubhouse
greenbelts
covered assigned parking
Building Details
Year Built
Listing Agency:
W3st Realty, LLC
(602) 538-6115
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Nov 12
Last Checked: Nov 12 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of W3st Realty, LLC
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Investment Insights
Based on property information with market context.
This 576-square-foot condominium in Surprise is configured as a one-bedroom residence and includes a private balcony and in-unit laundry. Built in 1987, the unit is furnished and set up for vacation-rental use; professional property management is available. It may also be used as a personal residence or seasonal home.
Community amenities include a heated pool, spa, clubhouse, and greenbelts. The property is a short distance from Loop 303, Surprise Stadium, shopping, dining, and golf. HOA coverage includes assigned covered parking, water, sewer, trash, the roof, and exterior maintenance.
Community amenities include a heated pool, spa, clubhouse, and greenbelts. The property is a short distance from Loop 303, Surprise Stadium, shopping, dining, and golf. HOA coverage includes assigned covered parking, water, sewer, trash, the roof, and exterior maintenance.
Key Highlights
- 576‑square‑foot, one‑bedroom condominium
- Furnished and configured for vacation‑rental use; professional management available
- Private balcony and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,909
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,180
$118.2K
Cap Rate 7%
$84,414
$84.4K
Cap Rate 9%
$65,656
$65.7K
Market Conditions
NOI Build-Up for 576 SF
Gross rent
$11.4K $19.80/SF
− Vacancy
−$661 −$1.15/SF
EGI
$10.7K $18.65/SF
− OpEx
−$4.8K −$8.39/SF
NOI
$5.9K $10.26/SF
Area
Surprise, AZ
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,180
Cap Rate 7%
$84,414
Cap Rate 9%
$65,656
Alternative Uses
Best Use
Apartment 5plus
$84.4K
$73.9K – $98.5K
NOI $5,909 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.6K
$155.4K – $207.2K
NOI $12,434 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
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Business Placement
Demographics for 85378, AZ
9,368
Population
4,671
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
2,602
Density / Sq Mi
$62,881
Median Household Income
$39,942
Median Earnings
$1,369
Median Rent
$235,200
Median Home Value
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Market
Properties on Market for Short term rental properties in Maricopa County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - A private balcony and in-unit laundry complement the furnished residence.
Where is this short term rental property located?
The property is located at 12123 W Bell Rd #148 Surprise, AZ.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 576‑square‑foot, one‑bedroom condominium; Furnished and configured for vacation‑rental use; professional management available; Private balcony and in‑unit laundry
