Two-Bedroom Residential
For Sale
$339,900
13700 N FOUNTAIN HILLS Boulevard Unit 151, Fountain Hills, AZ 85268
A split-bedroom floor plan gives each bedroom its own full bathroom, with a private balcony extending the living area.
Property Size1,207 SF
Price / SF$281.61
Days on Market252
Property Features for 13700 N FOUNTAIN HILLS Boulevard Unit 151
General Information
Standard status
Active
Size
1,207 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,053
Amenities
pool
community room
work-out facility
Building Details
Building Size
1,207 SF
Year Built
1998
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Feb 18
Changed: Oct 26
Last Checked: Oct 26 at 10:20AM
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 Realty Sonoran Living
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Investment Insights
Based on property information with market context.
This 1,108-square-foot condominium was built in 1998 and is located on the second floor. Its two-bedroom layout separates the sleeping areas, and each bedroom has a full bathroom. A living area and functional kitchen provide the central interior spaces, while a private balcony adds outdoor space.
Residents have access to a community pool, community room, and workout facility. The property is within walking distance of Starbucks, grocery shopping, and sandwich shops.
Residents have access to a community pool, community room, and workout facility. The property is within walking distance of Starbucks, grocery shopping, and sandwich shops.
Key Highlights
- Two bedrooms, each with a full bathroom
- 1,108 square feet; built in 1998
- Second‑floor unit with a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,622
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,440
$272.4K
Cap Rate 7%
$194,600
$194.6K
Cap Rate 9%
$151,356
$151.4K
Market Conditions
NOI Build-Up for 1,207 SF
Gross rent
$26.1K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$24.8K $20.52/SF
− OpEx
−$11.1K −$9.23/SF
NOI
$13.6K $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 Rate 5%
$272,440
Cap Rate 7%
$194,600
Cap Rate 9%
$151,356
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.0K
NOI $13,622 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.4K
$326.7K – $435.6K
NOI $26,135 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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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 - A split-bedroom floor plan gives each bedroom its own full bathroom, with a private balcony extending the living area.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard Unit 151 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two bedrooms, each with a full bathroom; 1,108 square feet; built in 1998; Second‑floor unit with a private balcony
