Two-Bedroom Condominium with
For Sale
$264,900
13700 N FOUNTAIN HILLS Boulevard Unit 235, Fountain Hills, AZ 85268
A split-bedroom layout gives each bedroom its own full bath, with a pool and fitness facility on site.
Property Size1,108 SF
Price / SF$239.08
Days on Market174
Property Features for 13700 N FOUNTAIN HILLS Boulevard Unit 235
General Information
Standard status
Active
Size
1,108 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$980
Amenities
pool
community_room
work-out_facility
Building Details
Building Size
1,108 SF
Year Built
1998
Listing Agency:
RE/MAX Sun Properties
Listed By:
Sonoran Lifestyle Team · License #SA663762000
(480) 837-1331
Source:
Sonoranlifestyle
Added: May 13
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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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Investment Insights
Based on property information with market context.
This second-floor condominium contains 1,108 square feet and was built in 1998. Its two-bedroom, two-bath layout separates the bedrooms, each with a private full bath. The unit also includes a living area, kitchen, and private balcony.
Residents have access to a community pool, community room, and workout facility. Nearby retail includes Starbucks, grocery shopping, and sandwich shops, all described as within walking distance.
Residents have access to a community pool, community room, and workout facility. Nearby retail includes Starbucks, grocery shopping, and sandwich shops, all described as within walking distance.
Key Highlights
- 1,108‑square‑foot condominium built in 1998
- Two bedrooms and two full bathrooms in a split layout
- Private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,505
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,100
$250.1K
Cap Rate 7%
$178,643
$178.6K
Cap Rate 9%
$138,944
$138.9K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$23.9K $21.60/SF
− Vacancy
−$1.2K −$1.08/SF
EGI
$22.7K $20.52/SF
− OpEx
−$10.2K −$9.23/SF
NOI
$12.5K $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%
$250,100
Cap Rate 7%
$178,643
Cap Rate 9%
$138,944
Alternative Uses
Best Use
Apartment 5plus
$178.6K
$156.3K – $208.4K
NOI $12,505 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.7K
$299.9K – $399.9K
NOI $23,991 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A split-bedroom layout gives each bedroom its own full bath, with a pool and fitness facility on site.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard Unit 235 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1,108‑square‑foot condominium built in 1998; Two bedrooms and two full bathrooms in a split layout; Private balcony
