One-Bedroom Residential Income
For Sale
$249,900
13700 N FOUNTAIN HILLS Boulevard #255 Fountain, Fountain Hills, AZ 85268
Updated condominium with private entry, covered balcony, in-unit laundry, and access to extensive community amenities.
Property Size778 SF
Days on Market242
Property Features for 13700 N FOUNTAIN HILLS Boulevard #255 Fountain
General Information
Standard status
Active
Size
778 SF
Property subtype
Apartment
Amenities
Forced Air
Electric
Central Air
Ceiling Fan(s)
Stacked Washer/Dryer
Dryer
Washer
Refrigerator
Built-in Microwave
Dishwasher
Disposal
Electric Range
Electric Oven
Deck, SRP, Tile
Building Details
Building Size
778 SF
Year Built
1998
Stories
1
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Richard Barker · License #SA635052000
(602) 882-9404
Source:
Kw
Added: Feb 21
Changed: Oct 21
Last Checked: Oct 21 at 1:19AM
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 updated 1-bedroom, 1-bath condominium offers 778 square feet within the Four Peaks community. The residence has a private exterior entrance, wood-look flooring, neutral finishes, and an open arrangement connecting the living, dining, and kitchen areas. White cabinetry, dark countertops, stainless steel appliances, a breakfast bar, and modern fixtures define the kitchen. Large windows and sliding glass doors open to a covered balcony. The bedroom includes carpeting, a ceiling fan, and ample closet space, while the bathroom features contemporary finishes. A stacked washer and dryer, additional storage, and carport or attached-garage parking add practical functionality.
Community amenities include an outdoor pool, spa and hot tub, steam room, sauna, fitness center, theater room, business center, BBQ grilling stations, and maintained landscaping. The pet-friendly community is in Fountain Hills, an International Dark Sky Community, with access to the 101 and 87 and proximity to downtown Fountain Hills. Built in 1998, the property also includes central air, forced air, electric service, and a deck.
Community amenities include an outdoor pool, spa and hot tub, steam room, sauna, fitness center, theater room, business center, BBQ grilling stations, and maintained landscaping. The pet-friendly community is in Fountain Hills, an International Dark Sky Community, with access to the 101 and 87 and proximity to downtown Fountain Hills. Built in 1998, the property also includes central air, forced air, electric service, and a deck.
Key Highlights
- 1‑bedroom, 1‑bath condominium with 778 square feet
- Private exterior entrance and covered balcony
- Kitchen with stainless steel appliances, breakfast bar, and modern fixtures
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.
How Realmo checks its estimates
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 - Updated condominium with private entry, covered balcony, in-unit laundry, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard #255 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: 1‑bedroom, 1‑bath condominium with 778 square feet; Private exterior entrance and covered balcony; Kitchen with stainless steel appliances, breakfast bar, and modern fixtures
