Furnished Residential Income
New
For Sale
$314,500
13818 N Saguaro Blvd #104, Fountain Hills, AZ 85268
Ground-floor condo with single-level access, a covered patio, heated pool, and attached one-car garage.
Property Size1,032 SF
Price / SF$304.75
Days on Market2
Property Features for 13818 N Saguaro Blvd #104
General Information
Standard status
Active
Size
1,032 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
heated pool
private covered patio
Building Details
Year Built
1997
Listing Agency:
White Mountain Scenic Real Estate
(480) 418-1838
Listed By:
Thompson Shepherd Group
(480) 418-1838
Source:
Thompsonshepherdgroup
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 30 at 3:53PM
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 White Mountain Scenic Real Estate
Investment Insights
Based on property information with market context.
Built in 1997, this fully furnished ground-floor condominium offers 1,032 square feet of single-level living at 13818 N Saguaro Blvd #104 in Fountain Hills. The residence has no steps, luxury vinyl plank flooring throughout, tiled bathrooms, and a primary suite with a walk-in closet. A second bedroom includes a Murphy bed, while the updated kitchen is equipped with a newer microwave and dishwasher.
The property also includes a private covered patio and access to a heated community pool located nearby. An attached one-car garage provides dedicated parking. The condominium is positioned within a quiet, well-maintained community near downtown Fountain Hills.
The property also includes a private covered patio and access to a heated community pool located nearby. An attached one-car garage provides dedicated parking. The condominium is positioned within a quiet, well-maintained community near downtown Fountain Hills.
Key Highlights
- Fully furnished 1,032‑square‑foot ground‑floor condo
- Single‑level layout with no steps
- Two bedrooms, including a Murphy bed in the second bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$232,940
$232.9K
Cap Rate 7%
$166,386
$166.4K
Cap Rate 9%
$129,411
$129.4K
Market Conditions
NOI Build-Up for 1,032 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.3K $21.60/SF
− Vacancy
−$1.1K −$1.08/SF
EGI
$21.2K $20.52/SF
− OpEx
−$9.5K −$9.23/SF
NOI
$11.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$232,940
Cap Rate 7%
$166,386
Cap Rate 9%
$129,411
Alternative Uses
Best Use
Apartment 5plus
$166.4K
$145.6K – $194.1K
NOI $11,647 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.2K
$279.3K – $372.4K
NOI $22,346 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,100
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor condo with single-level access, a covered patio, heated pool, and attached one-car garage.
Where is this residential income property located?
The property is located at 13818 N Saguaro Blvd #104 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $314,500.
What are key features of this property?
This property features: Fully furnished 1,032‑square‑foot ground‑floor condo; Single‑level layout with no steps; Two bedrooms, including a Murphy bed in the second bedroom
