One-Bedroom Residential Income
For Sale
$225,000
13700 N FOUNTAIN HILLS Boulevard #344 Fountain, Fountain Hills, AZ 85268
Condominium with central air, in-unit laundry, and a private patio or porch.
Property Size740 SF
Price / SF$304.05
Days on Market182
Property Features for 13700 N FOUNTAIN HILLS Boulevard #344 Fountain
General Information
Standard status
Active
Size
740 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
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: Apr 23
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a 740-square-foot condominium with one bedroom and one bathroom. Built in 1998, the unit includes central air, ceiling fans, electric service, and a patio or porch.
The kitchen is equipped with an electric range, refrigerator, dishwasher, disposal, and built-in microwave. A washer and dryer are also included, providing a complete in-unit laundry setup.
The kitchen is equipped with an electric range, refrigerator, dishwasher, disposal, and built-in microwave. A washer and dryer are also included, providing a complete in-unit laundry setup.
Key Highlights
- 740‑square‑foot condominium with 1 bedroom and 1 bathroom
- Built in 1998
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,352
Cap Rate
3.71%
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 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$228.9K
$200.3K – $267.1K
NOI $16,023 @ 7.0% cap · market cap 7.12%
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 - Condominium with central air, in-unit laundry, and a private patio or porch.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard #344 Fountain Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 740‑square‑foot condominium with 1 bedroom and 1 bathroom; Built in 1998; Central air and ceiling fans
