One-Bedroom Condominium with
For Sale
$265,000
13700 N FOUNTAIN HILLS Boulevard #355, Fountain Hills, AZ 85268
A private exterior entry and covered balcony complement the condo’s open living, dining, and kitchen areas.
Property Size778 SF
Price / SF$340.62
Days on Market22
Property Features for 13700 N FOUNTAIN HILLS Boulevard #355
General Information
Standard status
Active
Size
778 SF
Property subtype
Apartment
Building Details
Year Built
1998
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 12
Changed: Nov 1
Last Checked: Oct 31 at 11:09PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 778-square-foot condominium in Four Peaks has one bedroom and one bathroom, with a private exterior entrance and a covered balcony reached through sliding glass doors. The living room connects with the kitchen and dining area. Kitchen features include white cabinetry, stainless appliances, modern fixtures, and a breakfast bar. Luxury vinyl flooring and carpeting are used in the unit, and the bedroom includes a walk-in closet. The building dates to 1998.
Four Peaks offers residents a heated swimming pool, spa, fitness center, and mountain views. The property is at 13700 N Fountain Hills Boulevard in Fountain Hills, Arizona.
Four Peaks offers residents a heated swimming pool, spa, fitness center, and mountain views. The property is at 13700 N Fountain Hills Boulevard in Fountain Hills, Arizona.
Key Highlights
- 778‑square‑foot, one‑bedroom, one‑bathroom condominium
- Private exterior entrance and covered balcony
- Kitchen with white cabinetry, stainless appliances, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,781
Cap Rate
3.31%
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 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.7K
$210.6K – $280.8K
NOI $16,846 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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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 private exterior entry and covered balcony complement the condo’s open living, dining, and kitchen areas.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard #355 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 778‑square‑foot, one‑bedroom, one‑bathroom condominium; Private exterior entrance and covered balcony; Kitchen with white cabinetry, stainless appliances, and breakfast bar
