Corner Residential Income
For Sale
$292,500
14575 W MOUNTAIN VIEW Boulevard 11320, Surprise, AZ 85374
A three-bedroom residence in a gated community with a pool, spa, fitness center, clubhouse, and theatre room.
Property Size1,651 SF
Price / SF$177.17
Days on Market247
Property Features for 14575 W MOUNTAIN VIEW Boulevard 11320
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,245
Amenities
heated pool and spa
fitness center
clubhouse
theatre room
bocce ball court
masseuse on staff
private balcony
Building Details
Building Size
1,651 SF
Year Built
2006
Listing Agency:
Real Broker
Listed By:
Joseph J. Frontauria
(602) 672-5535
Source:
Themoderndesertgroup
Added: Mar 1
Changed: Nov 1
Last Checked: Nov 1 at 1:48AM
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 Real Broker
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Investment Insights
Based on property information with market context.
This third-floor corner condominium contains 1,651 square feet, with three bedrooms and two bathrooms. The split-bedroom layout separates the primary suite from the other two bedrooms. An open living area connects with a private balcony, and interior finishes include granite countertops, stainless-steel appliances, and wood flooring in the main living areas. The property was built in 2006.
The residence is part of Park Place, a gated community in Surprise, Arizona. Shared amenities include a heated pool and spa, a fitness center with cardio and weight rooms, a clubhouse, a theatre room, and a bocce ball court. A masseuse is also on staff.
The residence is part of Park Place, a gated community in Surprise, Arizona. Shared amenities include a heated pool and spa, a fitness center with cardio and weight rooms, a clubhouse, a theatre room, and a bocce ball court. A masseuse is also on staff.
Key Highlights
- 1,651‑square‑foot, three‑bedroom, two‑bath condominium
- Third‑floor corner unit with a private balcony
- Split‑bedroom layout separates the primary suite from two additional bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,937
Cap Rate
5.79%
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 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.1K
$445.5K – $594.0K
NOI $35,640 @ 7.0% cap · market cap 12.18%
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 three-bedroom residence in a gated community with a pool, spa, fitness center, clubhouse, and theatre room.
Where is this residential income property located?
The property is located at 14575 W MOUNTAIN VIEW Boulevard 11320 Surprise, AZ.
What is the asking price?
The asking price for this property is $292,500.
What are key features of this property?
This property features: 1,651‑square‑foot, three‑bedroom, two‑bath condominium; Third‑floor corner unit with a private balcony; Split‑bedroom layout separates the primary suite from two additional bedrooms
