Residential Income Property with Mountain
New
For Sale
$292,000
14575 W Mountain View Blvd #10322, Surprise, AZ 85374
The third-floor condominium includes three bedrooms, two bathrooms, and access to shared recreation and fitness amenities.
Property Size1,651 SF
Price / SF$176.86
Days on Market5
Property Features for 14575 W Mountain View Blvd #10322
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
gated community
pool
hot tub
fitness center
library
craft room
multipurpose room
walking paths
Building Details
Year Built
2006
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 26 at 2:59PM
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 West Usa Realty
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Investment Insights
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This 2006-built condominium has three bedrooms and two bathrooms on the third floor, with no unit above. Interior updates include new flooring, carpet, paint, and baseboards. The home also has a 2023 water heater and two heat pumps/HVAC systems. A sliding screen door opens to the patio, which offers mountain views. Furniture is available.
The condominium is within the gated Park Place community in Surprise. Shared amenities include a pool, hot tub, fitness center, library, craft room, multipurpose room, and walking paths.
The condominium is within the gated Park Place community in Surprise. Shared amenities include a pool, hot tub, fitness center, library, craft room, multipurpose room, and walking paths.
Key Highlights
- Three‑bedroom, two‑bath condominium on the third floor
- Mountain views from the patio; no unit above
- 2023 water heater and two heat pumps/HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,937
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,740
$338.7K
Cap Rate 7%
$241,957
$242.0K
Cap Rate 9%
$188,189
$188.2K
Market Conditions
NOI Build-Up for 1,651 SF
Gross rent
$32.7K $19.80/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$30.8K $18.65/SF
− OpEx
−$13.9K −$8.39/SF
NOI
$16.9K $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%
$338,740
Cap Rate 7%
$241,957
Cap Rate 9%
$188,189
Alternative Uses
Best Use
Apartment 5plus
$242.0K
$211.7K – $282.3K
NOI $16,937 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.1K
$445.5K – $594.0K
NOI $35,640 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
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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 - The third-floor condominium includes three bedrooms, two bathrooms, and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 14575 W Mountain View Blvd #10322 Surprise, AZ.
What is the asking price?
The asking price for this property is $292,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condominium on the third floor; Mountain views from the patio; no unit above; 2023 water heater and two heat pumps/HVAC systems
