Residential Income Property with
For Sale
$219,800
14575 W MOUNTAIN VIEW Boulevard 11301, Surprise, AZ 85374
An upstairs residence combines an open living and dining area with a separate den and community amenities.
Property Size1,034 SF
Price / SF$212.57
Days on Market215
Property Features for 14575 W MOUNTAIN VIEW Boulevard 11301
General Information
Standard status
Active
Size
1,034 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$872
Amenities
pool
spa
clubhouse
fitness center
yoga room
business center
Building Details
Building Size
1,034 SF
Year Built
2006
Listing Agency:
Keller Williams Realty Phoenix
Listed By:
James Thompson · License #BR534986000
(602) 753-0177
Source:
Themoderndesertgroup
Added: Apr 2
Changed: Nov 1
Last Checked: Nov 1 at 1:42AM
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 Keller Williams Realty Phoenix
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Investment Insights
Based on property information with market context.
This 1,034-square-foot upstairs residence was built in 2006 and includes one bedroom, a den, and one bathroom with dual sinks. The open plan connects the living room and formal dining area. The kitchen has granite countertops, stainless steel appliances, recessed lighting, staggered cabinetry, a breakfast bar, and a serving hutch. Wood-look tile flooring and tall ceilings are also present.
The gated community offers a pool, spa, clubhouse, fitness center, yoga room, and business center. The den provides an additional flexible room within the residence.
The gated community offers a pool, spa, clubhouse, fitness center, yoga room, and business center. The den provides an additional flexible room within the residence.
Key Highlights
- 1,034‑square‑foot upstairs residence built in 2006
- One bedroom, den, and bathroom with dual sinks
- Kitchen includes granite counters, stainless steel appliances, breakfast bar, and serving hutch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,607
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,140
$212.1K
Cap Rate 7%
$151,529
$151.5K
Cap Rate 9%
$117,856
$117.9K
Market Conditions
NOI Build-Up for 1,034 SF
Gross rent
$20.5K $19.80/SF
− Vacancy
−$1.2K −$1.15/SF
EGI
$19.3K $18.65/SF
− OpEx
−$8.7K −$8.39/SF
NOI
$10.6K $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%
$212,140
Cap Rate 7%
$151,529
Cap Rate 9%
$117,856
Alternative Uses
Best Use
Apartment 5plus
$151.5K
$132.6K – $176.8K
NOI $10,607 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.9K
$279.0K – $372.0K
NOI $22,321 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - An upstairs residence combines an open living and dining area with a separate den and community amenities.
Where is this residential income property located?
The property is located at 14575 W MOUNTAIN VIEW Boulevard 11301 Surprise, AZ.
What is the asking price?
The asking price for this property is $219,800.
What are key features of this property?
This property features: 1,034‑square‑foot upstairs residence built in 2006; One bedroom, den, and bathroom with dual sinks; Kitchen includes granite counters, stainless steel appliances, breakfast bar, and serving hutch
