Condominium with
For Sale
$258,000
14575 W MOUNTAIN VIEW Boulevard 11217, Surprise, AZ 85374
Second-floor residence features a split layout, in-unit laundry, and access to community recreation and fitness amenities.
Property Size1,350 SF
Price / SF$191.11
Days on Market152
Property Features for 14575 W MOUNTAIN VIEW Boulevard 11217
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,399
Amenities
fitness center
clubhouse
in-unit washer/dryer
heated pool & spa
theatre room
BBQ areas
walking trails
concierge services
Building Details
Building Size
1,350 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Emily M Tyson
(480) 980-9822
Source:
Themoderndesertgroup
Added: Jun 4
Changed: Nov 1
Last Checked: Nov 1 at 3:55PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 2006, this 1,350-square-foot condominium has two bedrooms, a den, and two bathrooms. The second-floor layout includes wood laminate flooring, granite countertops, honey-finish cabinets, an in-unit washer and dryer, and separated bedroom areas. The fitness center and clubhouse are located just down the hall.
Community amenities include a heated pool and spa, theater room, barbecue areas, walking trails, and concierge services. The property is described as pet-friendly. HOA coverage includes water, sewer, trash, pest control, and the roof.
Community amenities include a heated pool and spa, theater room, barbecue areas, walking trails, and concierge services. The property is described as pet-friendly. HOA coverage includes water, sewer, trash, pest control, and the roof.
Key Highlights
- 1,350‑square‑foot condominium with 2 bedrooms, a den, and 2 bathrooms
- Second‑floor unit with the fitness center and clubhouse just down the hall
- In‑unit washer and dryer; split‑bedroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,849
Cap Rate
5.37%
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 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.3K
$364.3K – $485.7K
NOI $29,143 @ 7.0% cap · market cap 11.30%
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 - Second-floor residence features a split layout, in-unit laundry, and access to community recreation and fitness amenities.
Where is this residential income property located?
The property is located at 14575 W MOUNTAIN VIEW Boulevard 11217 Surprise, AZ.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: 1,350‑square‑foot condominium with 2 bedrooms, a den, and 2 bathrooms; Second‑floor unit with the fitness center and clubhouse just down the hall; In‑unit washer and dryer; split‑bedroom layout
