One-Bedroom Condo with Mountain
For Sale
$225,000
14575 W Mountain View Blvd #10313, Surprise, AZ 85374
Updated condominium residence with a private patio, elevated ceilings, and access to resort-style community amenities.
Property Size840 SF
Price / SF$267.86
Days on Market56
Property Features for 14575 W Mountain View Blvd #10313
General Information
Standard status
Active
Size
840 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
swimming pool
clubhouse
gym
Building Details
Year Built
2006
Listing Agency:
Jm Realty
(480) 785-5612
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Aug 23
Changed: Oct 16
Last Checked: Oct 16 at 8:23AM
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 Jm Realty
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Investment Insights
Based on property information with market context.
Built in 2006, this 840-square-foot condominium at Park Place Condominiums offers one bedroom and one bathroom in a low-maintenance residential setting. Interior features include 12-foot ceilings, wood-look flooring, plantation shutters, stainless steel appliances, and a walk-in shower in the primary bath. A private patio extends the living area and frames mountain views. The residence may be sold fully furnished.
Community amenities include a swimming pool, clubhouse, and gym. The property is located at 14575 W Mountain View Blvd #10313 in Surprise, Arizona.
Community amenities include a swimming pool, clubhouse, and gym. The property is located at 14575 W Mountain View Blvd #10313 in Surprise, Arizona.
Key Highlights
- 840 SF condominium with 1 bedroom and 1 bathroom
- Private patio with mountain views
- 12' ceilings with wood‑look flooring and plantation shutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,617
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,340
$172.3K
Cap Rate 7%
$123,100
$123.1K
Cap Rate 9%
$95,744
$95.7K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$16.6K $19.80/SF
− Vacancy
−$965 −$1.15/SF
EGI
$15.7K $18.65/SF
− OpEx
−$7.1K −$8.39/SF
NOI
$8.6K $10.26/SF
Area
Surprise, AZ
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,340
Cap Rate 7%
$123,100
Cap Rate 9%
$95,744
Alternative Uses
Best Use
Apartment 5plus
$123.1K
$107.7K – $143.6K
NOI $8,617 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.0K
$226.7K – $302.2K
NOI $18,133 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with a private patio, elevated ceilings, and access to resort-style community amenities.
Where is this residential income property located?
The property is located at 14575 W Mountain View Blvd #10313 Surprise, 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: 840 SF condominium with 1 bedroom and 1 bathroom; Private patio with mountain views; 12' ceilings with wood‑look flooring and plantation shutters
