1-Bedroom Residential Income
For Sale
$249,900
13700 N FOUNTAIN HILLS Boulevard #146 Fountain, Fountain Hills, AZ 85268
Condo features central air, in-unit laundry appliances, a complete kitchen appliance package, and a patio.
Property Size740 SF
Price / SF$337.70
Days on Market243
Property Features for 13700 N FOUNTAIN HILLS Boulevard #146 Fountain
General Information
Standard status
Active
Size
740 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
Ceiling Fan(s)
Central Air
Electric
Dryer
Washer
Refrigerator
Built-in Microwave
Dishwasher
Disposal
Electric Range
Patio, Porch, SRP, Tile
Building Details
Year Built
1998
Stories
1
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Richard Barker · License #SA635052000
(602) 882-9404
Source:
Kw
Added: Mar 6
Changed: Nov 1
Last Checked: Nov 1 at 10:10AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condo provides 740 square feet of living space in a residential income property built in 1998. The interior includes central air, ceiling fans, electric service, a washer, dryer, refrigerator, built-in microwave, dishwasher, disposal, and electric range.
Outdoor features include a patio and porch, along with tile finishes and SRP service. The combination of a defined bedroom and bath layout, full kitchen appliance package, and laundry equipment supports practical residential use.
Outdoor features include a patio and porch, along with tile finishes and SRP service. The combination of a defined bedroom and bath layout, full kitchen appliance package, and laundry equipment supports practical residential use.
Key Highlights
- 740‑square‑foot one‑bedroom, one‑bath condo
- Built in 1998
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,352
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,040
$167.0K
Cap Rate 7%
$119,314
$119.3K
Cap Rate 9%
$92,800
$92.8K
Market Conditions
NOI Build-Up for 740 SF
Gross rent
$16.0K $21.60/SF
− Vacancy
−$799 −$1.08/SF
EGI
$15.2K $20.52/SF
− OpEx
−$6.8K −$9.23/SF
NOI
$8.4K $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%
$167,040
Cap Rate 7%
$119,314
Cap Rate 9%
$92,800
Alternative Uses
Best Use
Apartment 5plus
$119.3K
$104.4K – $139.2K
NOI $8,352 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$228.9K
$200.3K – $267.1K
NOI $16,023 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - Condo features central air, in-unit laundry appliances, a complete kitchen appliance package, and a patio.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard #146 Fountain 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: 740‑square‑foot one‑bedroom, one‑bath condo; Built in 1998; Central air and ceiling fans
