Updated Residential Income
For Sale
$247,350
14575 W Mountain View Blvd #11208, Surprise, AZ 85374
Two-bedroom condominium with refreshed interiors, newer mechanical systems, and extensive shared recreational amenities.
Property Size1,289 SF
Price / SF$191.89
Days on Market53
Property Features for 14575 W Mountain View Blvd #11208
General Information
Standard status
Active
Size
1,289 SF
Property subtype
Multi-Family
Amenities
Community swimming pool
BBQ
Theater Room
Jacuzzi
Weight room/fitness area
Masseuse
Pool table
Community kitchen and lounge area
Building Details
Year Built
2006
Listing Agency:
Homesmart
(602) 230-7600
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Sep 11
Changed: Nov 1
Last Checked: Nov 1 at 5:46AM
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 Homesmart
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 1,289-square-foot residential income property is a two-bedroom, two-bath condominium built in 2006. Interior improvements completed in 2023 include updated flooring, refreshed kitchen cabinetry, a new A/C system, and replacement installation of the stove, dishwasher, microwave, washer, and dryer. The layout combines residential functionality with low-maintenance ownership in a managed community setting.
Residents have access to a broad collection of shared amenities at 14575 W Mountain View Blvd #11208 in Surprise, Arizona, including a swimming pool, Jacuzzi, BBQ area, theater room, fitness area, pool table, community kitchen, lounge, and masseuse services.
Residents have access to a broad collection of shared amenities at 14575 W Mountain View Blvd #11208 in Surprise, Arizona, including a swimming pool, Jacuzzi, BBQ area, theater room, fitness area, pool table, community kitchen, lounge, and masseuse services.
Key Highlights
- 1,289‑square‑foot two‑bedroom, two‑bath condominium
- Updated flooring and refreshed kitchen cabinetry completed in 2023
- New A/C system installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,223
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,460
$264.5K
Cap Rate 7%
$188,900
$188.9K
Cap Rate 9%
$146,922
$146.9K
Market Conditions
NOI Build-Up for 1,289 SF
Gross rent
$25.5K $19.80/SF
− Vacancy
−$1.5K −$1.15/SF
EGI
$24.0K $18.65/SF
− OpEx
−$10.8K −$8.39/SF
NOI
$13.2K $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%
$264,460
Cap Rate 7%
$188,900
Cap Rate 9%
$146,922
Alternative Uses
Best Use
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,223 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with refreshed interiors, newer mechanical systems, and extensive shared recreational amenities.
Where is this residential income property located?
The property is located at 14575 W Mountain View Blvd #11208 Surprise, AZ.
What is the asking price?
The asking price for this property is $247,350.
What are key features of this property?
This property features: 1,289‑square‑foot two‑bedroom, two‑bath condominium; Updated flooring and refreshed kitchen cabinetry completed in 2023; New A/C system installed in 2023
