Gated Residential Income
For Sale
$259,000
14575 W Mountain View Blvd #10216, Surprise, AZ 85374
Condominium residence with balcony access and shared recreational amenities in a gated community.
Property Size1,350 SF
Price / SF$191.85
Days on Market47
Property Features for 14575 W Mountain View Blvd #10216
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
gated security
heated pool and spa
fitness center
clubhouse
theater room
walking paths
Building Details
Year Built
2006
Listing Agency:
Jm Realty
(480) 785-5612
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Sep 2
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.
This 1,350-square-foot residential income property was built in 2006 and features an open layout with a living area connected to a private balcony. The residence includes a primary suite with an ensuite bath and generous closet space, plus additional room that can serve guests, office needs, or hobbies.
The gated Park Place Condos community offers a heated pool and spa, fitness center, clubhouse, theater room, walking paths, and maintained grounds. The property is near shopping, dining, golf, medical facilities, and major roadways in Surprise, Arizona. Its condominium format and community amenities support use as a full-time residence, seasonal home, or investment property.
The gated Park Place Condos community offers a heated pool and spa, fitness center, clubhouse, theater room, walking paths, and maintained grounds. The property is near shopping, dining, golf, medical facilities, and major roadways in Surprise, Arizona. Its condominium format and community amenities support use as a full-time residence, seasonal home, or investment property.
Key Highlights
- 1,350‑square‑foot condominium residence built in 2006
- Private balcony connected to the main living area
- Primary suite with ensuite bath and generous closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,849
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,980
$277.0K
Cap Rate 7%
$197,843
$197.8K
Cap Rate 9%
$153,878
$153.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$26.7K $19.80/SF
− Vacancy
−$1.6K −$1.15/SF
EGI
$25.2K $18.65/SF
− OpEx
−$11.3K −$8.39/SF
NOI
$13.8K $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%
$276,980
Cap Rate 7%
$197,843
Cap Rate 9%
$153,878
Alternative Uses
Best Use
Apartment 5plus
$197.8K
$173.1K – $230.8K
NOI $13,849 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.3K
$364.3K – $485.7K
NOI $29,143 @ 7.0% cap · market cap 11.25%
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with balcony access and shared recreational amenities in a gated community.
Where is this residential income property located?
The property is located at 14575 W Mountain View Blvd #10216 Surprise, AZ.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,350‑square‑foot condominium residence built in 2006; Private balcony connected to the main living area; Primary suite with ensuite bath and generous closet space
