Furnished Two-Bedroom Short-Term
12221 W Bell Rd #248, Surprise, AZ 85378
For Sale
New
$189,000
Condominium includes in-unit laundry, elevator access, and a private balcony.
Property Size796 SF
Price / SF$237.44
Days on Market2
Property Features for 12221 W Bell Rd #248
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Highway Access
Amenities
private balcony
in-unit laundry
heated pool
spa
clubhouse
putting green
shuffleboard
on-site restaurant
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 2:37PM
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.
Unit 248 is a furnished, 796-square-foot condominium configured with two bedrooms and a private balcony. Laminate flooring runs throughout, and the unit has a washer and dryer. The property was built in 1987 and is set up for vacation rental use; professional property management is available.
Community amenities include a heated pool and spa, clubhouse, putting green, shuffleboard, and an on-site restaurant. The condominium is minutes from Loop 303, Surprise Stadium, shopping, dining, and golf. The HOA covers water, sewer, trash, roof, and exterior maintenance.
Community amenities include a heated pool and spa, clubhouse, putting green, shuffleboard, and an on-site restaurant. The condominium is minutes from Loop 303, Surprise Stadium, shopping, dining, and golf. The HOA covers water, sewer, trash, roof, and exterior maintenance.
Key Highlights
- Two‑bedroom, 796‑square‑foot condominium
- Furnished for vacation rental use; professional management available
- Private balcony, in‑unit washer and dryer, and laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,166
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$163,320
$163.3K
Cap Rate 7%
$116,657
$116.7K
Cap Rate 9%
$90,733
$90.7K
Market Conditions
NOI Build-Up for 796 SF
Gross rent
$15.8K $19.80/SF
− Vacancy
−$914 −$1.15/SF
EGI
$14.8K $18.65/SF
− OpEx
−$6.7K −$8.39/SF
NOI
$8.2K $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%
$163,320
Cap Rate 7%
$116,657
Cap Rate 9%
$90,733
Alternative Uses
Best Use
Apartment 5plus
$116.7K
$102.1K – $136.1K
NOI $8,166 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.5K
$214.8K – $286.4K
NOI $17,183 @ 7.0% cap · market cap 9.09%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
490
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
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 - Condominium includes in-unit laundry, elevator access, and a private balcony.
Where is this short term rental property located?
The property is located at 12221 W Bell Rd #248 Surprise, AZ.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑bedroom, 796‑square‑foot condominium; Furnished for vacation rental use; professional management available; Private balcony, in‑unit washer and dryer, and laminate flooring
