Two-Bedroom
For Sale
$319,900
13700 N FOUNTAIN HILLS Boulevard Unit 303, Fountain Hills, AZ 85268
An open-plan residence features a primary suite with a walk-in closet and en-suite bathroom.
Property Size1,228 SF
Price / SF$260.50
Days on Market123
Property Features for 13700 N FOUNTAIN HILLS Boulevard Unit 303
General Information
Standard status
Active
Size
1,228 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$778
Building Details
Building Size
1,228 SF
Year Built
1998
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Richard F Barker · License #SA635052000
(602) 882-9404
Source:
Sonoranlifestyle
Added: Jul 3
Changed: Oct 31
Last Checked: Oct 31 at 2:23PM
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
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Investment Insights
Based on property information with market context.
This 1,228-square-foot condominium was built in 1998 and has two bedrooms and two bathrooms. Its open layout is complemented by 9-foot ceilings. The kitchen includes granite countertops, wood cabinetry, and stainless steel appliances: a stove, microwave, refrigerator, and dishwasher. Tile flooring is used in the kitchen and bathrooms, with carpeting in the living areas. The primary suite has a walk-in closet and an en-suite bath, while dual-pane windows admit natural light.
Key Highlights
- Two bedrooms and two bathrooms
- 1,228 square feet with an open floor plan and 9‑foot ceilings
- Kitchen has granite countertops, wood cabinetry, stove, microwave, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,859
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,180
$277.2K
Cap Rate 7%
$197,986
$198.0K
Cap Rate 9%
$153,989
$154.0K
Market Conditions
NOI Build-Up for 1,228 SF
Gross rent
$26.5K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$25.2K $20.52/SF
− OpEx
−$11.3K −$9.23/SF
NOI
$13.9K $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%
$277,180
Cap Rate 7%
$197,986
Cap Rate 9%
$153,989
Alternative Uses
Best Use
Apartment 5plus
$198.0K
$173.2K – $231.0K
NOI $13,859 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,590 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - An open-plan residence features a primary suite with a walk-in closet and en-suite bathroom.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard Unit 303 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,228 square feet with an open floor plan and 9‑foot ceilings; Kitchen has granite countertops, wood cabinetry, stove, microwave, refrigerator, and dishwasher
