Condominium with Enclosed
For Sale
$235,000
12635 N LA MONTANA Drive 2, Fountain Hills, AZ 85268
An office nook, community pool, and on-site laundry add practical features to this condominium.
Property Size858 SF
Price / SF$273.89
Days on Market341
Property Features for 12635 N LA MONTANA Drive 2
General Information
Standard status
Active
Size
858 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$483
Amenities
pool
onsite laundry room
Building Details
Building Size
858 SF
Year Built
1979
Listing Agency:
RE/MAX Sun Properties
Listed By:
Dori A Wittrig · License #BR008546000
(480) 837-1331
Source:
Bvoluxury
Added: Nov 21, 2025
Changed: Oct 26
Last Checked: Oct 26 at 11:17AM
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 RE/MAX Sun Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1979, this 858-square-foot condominium includes a combined living and dining area, an enclosed patio, and kitchen storage cubbies. The kitchen has granite countertops and newer appliances. A nook beside the primary bedroom provides space for a home office, and furnishings are available.
The property is across the street from the International Dark Sky Discovery Center, a community garden, and a community center. Residents also have access to a community pool and an on-site laundry room.
The property is across the street from the International Dark Sky Discovery Center, a community garden, and a community center. Residents also have access to a community pool and an on-site laundry room.
Key Highlights
- 858‑square‑foot condominium built in 1979
- Enclosed patio and combined living and dining area
- Kitchen with granite countertops, newer appliances, and storage cubbies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,683
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,660
$193.7K
Cap Rate 7%
$138,329
$138.3K
Cap Rate 9%
$107,589
$107.6K
Market Conditions
NOI Build-Up for 858 SF
Gross rent
$18.5K $21.60/SF
− Vacancy
−$927 −$1.08/SF
EGI
$17.6K $20.52/SF
− OpEx
−$7.9K −$9.23/SF
NOI
$9.7K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,660
Cap Rate 7%
$138,329
Cap Rate 9%
$107,589
Alternative Uses
Best Use
Apartment 5plus
$138.3K
$121.0K – $161.4K
NOI $9,683 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.4K
$232.2K – $309.6K
NOI $18,578 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An office nook, community pool, and on-site laundry add practical features to this condominium.
Where is this residential income property located?
The property is located at 12635 N LA MONTANA Drive 2 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 858‑square‑foot condominium built in 1979; Enclosed patio and combined living and dining area; Kitchen with granite countertops, newer appliances, and storage cubbies
