Residential Income Property with
For Sale
$249,900
Pending
13700 N FOUNTAIN HILLS Boulevard #255, Fountain Hills, AZ 85268
The one-bedroom residence has a private exterior entry, in-unit laundry, and access to shared recreation and fitness amenities.
Property Size778 SF
Days on Market232
Property Features for 13700 N FOUNTAIN HILLS Boulevard #255
General Information
Standard status
Pending
Size
778 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
outdoor pool
spa and hot tub
steam room
sauna
fitness center
theater room
business center
BBQ grilling stations
Building Details
Building Size
778 SF
Year Built
1998
Stories
1
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Richard F Barker · License #SA635052000
(602) 882-9404
Source:
Karolinakemski.kw
Added: Feb 18
Changed: Oct 1
Last Checked: Oct 7 at 8:57AM
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 Keller Williams Arizona Realty
Investment Insights
Based on property information with market context.
This 778-square-foot, one-bedroom, one-bath condo was built in 1998 and has a private exterior entrance, a covered balcony, and an efficient living, kitchen, and dining arrangement. The kitchen includes stainless steel appliances, white cabinetry, dark countertops, and a breakfast bar. Wood-look flooring runs through the living areas, while the bedroom has carpeting and closet storage. A stacked washer and dryer and additional storage are inside the unit. Parking is provided by a carport or attached garage.
The condo is in the Four Peaks community at 13700 N Fountain Hills Boulevard in Fountain Hills. Residents have access to an outdoor pool, spa and hot tub, steam room, sauna, fitness center, theater room, business center, and BBQ stations. The community is pet-friendly and has landscaped grounds. The property also offers access to routes 101 and 87, with downtown Fountain Hills a short drive away.
The condo is in the Four Peaks community at 13700 N Fountain Hills Boulevard in Fountain Hills. Residents have access to an outdoor pool, spa and hot tub, steam room, sauna, fitness center, theater room, business center, and BBQ stations. The community is pet-friendly and has landscaped grounds. The property also offers access to routes 101 and 87, with downtown Fountain Hills a short drive away.
Key Highlights
- 778‑square‑foot condo with 1 bedroom and 1 bathroom
- Built in 1998; private exterior entrance and covered balcony
- Kitchen features stainless steel appliances, white cabinetry, dark countertops, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,781
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,620
$175.6K
Cap Rate 7%
$125,443
$125.4K
Cap Rate 9%
$97,567
$97.6K
Market Conditions
NOI Build-Up for 778 SF
Gross rent
$16.8K $21.60/SF
− Vacancy
−$840 −$1.08/SF
EGI
$16.0K $20.52/SF
− OpEx
−$7.2K −$9.23/SF
NOI
$8.8K $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%
$175,620
Cap Rate 7%
$125,443
Cap Rate 9%
$97,567
Alternative Uses
Best Use
Apartment 5plus
$125.4K
$109.8K – $146.4K
NOI $8,781 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.7K
$210.6K – $280.8K
NOI $16,846 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
122
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence has a private exterior entry, in-unit laundry, and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard #255 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 778‑square‑foot condo with 1 bedroom and 1 bathroom; Built in 1998; private exterior entrance and covered balcony; Kitchen features stainless steel appliances, white cabinetry, dark countertops, and breakfast bar
