Residential Income Property with Mountain
For Sale
$345,000
13700 N FOUNTAIN HILLS Boulevard #350 Fountain, Fountain Hills, AZ 85268
Renovated townhome with open living areas, contemporary finishes, private outdoor space, and access to shared recreational amenities.
Property Size1,228 SF
Price / SF$280.94
Days on Market398
Property Features for 13700 N FOUNTAIN HILLS Boulevard #350 Fountain
General Information
Standard status
Active
Size
1,228 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
pool
fitness center
walking trails
Ceiling Fan(s)
Central Air
Electric
Dryer
Washer
Refrigerator
Built-in Microwave
Dishwasher
Disposal
Deck, SRP, Tile
Building Details
Building Size
1,228 SF
Year Built
1998
Stories
2
Construction
modern
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Richard Barker · License #SA635052000
(602) 882-9404
Source:
Kw
Added: Sep 19, 2025
Changed: Oct 21
Last Checked: Oct 21 at 12:16AM
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 renovated townhome offers 1,228 square feet with two bedrooms, two bathrooms, an open-concept layout, and 9-foot ceilings. Natural light reaches the main living areas, while the kitchen includes stainless steel appliances and a breakfast bar. The primary suite has carpeting, closet space, and mountain views. Updated bathrooms feature modern vanities and tile finishes, and a private balcony extends the usable living space.
The property is in Fountain Hills with views toward the McDowell Mountains and Four Peaks. Residents have access to a pool, fitness center, walking trails, and landscaped outdoor areas. Additional features include central air, ceiling fans, a washer, dryer, refrigerator, built-in microwave, dishwasher, disposal, tile, SRP, and parking. The property was built in 1998.
The property is in Fountain Hills with views toward the McDowell Mountains and Four Peaks. Residents have access to a pool, fitness center, walking trails, and landscaped outdoor areas. Additional features include central air, ceiling fans, a washer, dryer, refrigerator, built-in microwave, dishwasher, disposal, tile, SRP, and parking. The property was built in 1998.
Key Highlights
- 1,228‑square‑foot townhome with 2 bedrooms and 2 bathrooms
- Open‑concept interior with 9' ceilings and contemporary finishes
- Kitchen includes stainless steel appliances and a breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,859
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,180
$277.2K
Cap Rate 7%
$197,986
$198.0K
Cap Rate 9%
$153,989
$154.0K
Market Conditions
NOI Build-Up for 1,228 SF
Gross rent
$26.5K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$25.2K $20.52/SF
− OpEx
−$11.3K −$9.23/SF
NOI
$13.9K $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%
$277,180
Cap Rate 7%
$197,986
Cap Rate 9%
$153,989
Alternative Uses
Best Use
Apartment 5plus
$198.0K
$173.2K – $231.0K
NOI $13,859 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,590 @ 7.0% cap · market cap 7.71%
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 - Renovated townhome with open living areas, contemporary finishes, private outdoor space, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 13700 N FOUNTAIN HILLS Boulevard #350 Fountain Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,228‑square‑foot townhome with 2 bedrooms and 2 bathrooms; Open‑concept interior with 9' ceilings and contemporary finishes; Kitchen includes stainless steel appliances and a breakfast bar
