Corner Residential Income Property with
New
For Sale
$285,000
14575 W Mountain View Blvd #11220, Surprise, AZ 85374
The second-floor home has a split-bedroom plan, tiled floors, and access to shared recreation amenities.
Property Size1,651 SF
Price / SF$172.62
Days on Market6
Property Features for 14575 W Mountain View Blvd #11220
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Multi-Family
Units
Unit Mix
3BR/2BA
Multifamily Units
1
Amenities
balcony
heated pool
spa
clubhouse
walking paths
Building Details
Year Built
2006
Listing Agency:
Realty One Group
(623) 552-3773
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 7:09PM
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 Realty One Group
Investment Insights
Based on property information with market context.
This 2006 second-floor corner condo contains 1,651 square feet, with three bedrooms and two bathrooms arranged in a split-bedroom layout. There are no interior steps. Tile flooring runs through the home, with carpet in the closets. The kitchen includes granite countertops and a pantry; the primary bathroom has dual sinks and a separate tub and shower. A balcony adds private outdoor space.
The condo is in a gated community in Surprise. Shared amenities include a heated pool, spa, clubhouse, and walking paths.
The condo is in a gated community in Surprise. Shared amenities include a heated pool, spa, clubhouse, and walking paths.
Key Highlights
- 1,651‑square‑foot, three‑bedroom, two‑bath condo
- Second‑floor corner unit with no interior steps
- Split‑bedroom layout and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,937
Cap Rate
5.94%
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 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.1K
$445.5K – $594.0K
NOI $35,640 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
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 - The second-floor home has a split-bedroom plan, tiled floors, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 14575 W Mountain View Blvd #11220 Surprise, AZ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,651‑square‑foot, three‑bedroom, two‑bath condo; Second‑floor corner unit with no interior steps; Split‑bedroom layout and balcony
