Furnished One-Bedroom Rental
For Sale
$149,900
12123 W Bell Rd #234, Surprise, AZ 85378
Furnished one-bedroom unit with updated interiors, private balcony access, and access to pool, spa, and pickleball amenities.
Property Size576 SF
Price / SF$260.24
Days on Market48
Property Features for 12123 W Bell Rd #234
General Information
Standard status
Active
Size
576 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
pool
spa
pickleball courts
Building Details
Year Built
1987
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 7:45AM
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 West Usa Realty
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Investment Insights
Based on property information with market context.
This 576-square-foot, one-bedroom, one-bath unit is offered furnished and has operated as a mid-term rental. The interior includes LVP flooring, quartz countertops, updated cabinetry, and a 3-year-old HVAC system. A spacious bedroom provides ample closet storage and access to the balcony. Built in 1987, the unit is positioned for continued rental use or owner occupancy.
Community amenities include a pool, spa, and pickleball courts. The property is located at 12123 W Bell Rd #234 in Surprise, with access to the 303 Loop and proximity to the Peoria tech corridor. Rental history includes zero vacancy over the last 4 years.
Community amenities include a pool, spa, and pickleball courts. The property is located at 12123 W Bell Rd #234 in Surprise, with access to the 303 Loop and proximity to the Peoria tech corridor. Rental history includes zero vacancy over the last 4 years.
Key Highlights
- 576 SF furnished 1‑bed, 1‑bath unit
- Mid‑term rental with zero vacancy over the last 4 years
- LVP flooring, quartz counters, and updated cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,909
Cap Rate
3.94%
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 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.6K
$155.4K – $207.2K
NOI $12,434 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished one-bedroom unit with updated interiors, private balcony access, and access to pool, spa, and pickleball amenities.
Where is this short term rental property located?
The property is located at 12123 W Bell Rd #234 Surprise, AZ.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 576 SF furnished 1‑bed, 1‑bath unit; Mid‑term rental with zero vacancy over the last 4 years; LVP flooring, quartz counters, and updated cabinetry
