Residential Income Property with Split Floor
New
For Sale
$255,000
14575 W Mountain View Blvd #11309, Surprise, AZ 85374
A gated-community residence pairs an open kitchen and great room with a private primary suite and separate guest bedroom.
Property Size1,289 SF
Price / SF$197.83
Days on Market3
Property Features for 14575 W Mountain View Blvd #11309
General Information
Standard status
Active
Size
1,289 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
gated community
wood look laminate flooring
granite countertops
breakfast bar
inside laundry room
washer and dryer
walk in closet
private bath
dual sinks
HUGE walk in shower
storage/linen closet
separate toilet room
split floor plan
open kitchen
great room
Building Details
Year Built
2006
Listing Agency:
Homesmart
(602) 230-7600
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Nov 1
Last Checked: Nov 1 at 3:41PM
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
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Investment Insights
Based on property information with market context.
Built in 2006, this 1,289-square-foot condominium has a split-bedroom layout. The kitchen opens to the great room and features granite counters and a breakfast bar. A primary suite includes a walk-in closet, dual-sink bathroom, separate toilet area, linen storage, and walk-in shower. The guest bedroom has its own walk-in closet, and an interior laundry room comes with a washer and dryer.
Recent updates include a refrigerator and water heater, along with high-rise toilets; the roof is newer. Wood-look laminate flooring extends throughout the residence. The property is located within a gated community.
Recent updates include a refrigerator and water heater, along with high-rise toilets; the roof is newer. Wood-look laminate flooring extends throughout the residence. The property is located within a gated community.
Key Highlights
- 1,289‑square‑foot condominium built in 2006
- Split‑bedroom floor plan with a private primary suite and guest bedroom
- Open kitchen with granite countertops and breakfast bar, adjoining the great room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,223
Cap Rate
5.19%
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 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 10.91%
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 - A gated-community residence pairs an open kitchen and great room with a private primary suite and separate guest bedroom.
Where is this residential income property located?
The property is located at 14575 W Mountain View Blvd #11309 Surprise, AZ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,289‑square‑foot condominium built in 2006; Split‑bedroom floor plan with a private primary suite and guest bedroom; Open kitchen with granite countertops and breakfast bar, adjoining the great room
