Ground-Level Residential Income
For Sale
$349,000
14815 N FOUNTAIN HILLS Boulevard Unit 112, Fountain Hills, AZ 85268
Two-bedroom condominium with split-bedroom layout, granite kitchen finishes, and access to shared recreational amenities.
Property Size1,185 SF
Days on Market164
Property Features for 14815 N FOUNTAIN HILLS Boulevard Unit 112
General Information
Standard status
Active
Size
1,185 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$727
Building Details
Building Size
1,185 SF
Year Built
2007
Listing Agency:
eXp Realty
Listed By:
Samantha Park
(480) 878-7823
Source:
Jcluxuryresidential
Added: May 7
Changed: Oct 15
Last Checked: Oct 16 at 4:20PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This residential income property is a ground-floor condominium completed in 2007. The two-bedroom, two-bath layout uses a split-bedroom arrangement, with an open great room connected to the kitchen. Granite countertops finish the kitchen, while the primary suite includes a walk-in closet. The unit is designed without interior stairs.
Community amenities include a pool, spa, clubhouse, and fitness room. The property is located in Fountain Hills, Arizona, with access to main roads, shopping, and dining. The address identifies the unit as 112 within the condominium community.
Community amenities include a pool, spa, clubhouse, and fitness room. The property is located in Fountain Hills, Arizona, with access to main roads, shopping, and dining. The address identifies the unit as 112 within the condominium community.
Key Highlights
- Ground‑floor two‑bedroom, two‑bath condominium
- Split‑bedroom plan with open great room and kitchen
- Granite countertops and primary‑suite walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,374
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,480
$267.5K
Cap Rate 7%
$191,057
$191.1K
Cap Rate 9%
$148,600
$148.6K
Market Conditions
NOI Build-Up for 1,185 SF
Gross rent
$25.6K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$24.3K $20.52/SF
− OpEx
−$10.9K −$9.23/SF
NOI
$13.4K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,480
Cap Rate 7%
$191,057
Cap Rate 9%
$148,600
Alternative Uses
Best Use
Apartment 5plus
$191.1K
$167.2K – $222.9K
NOI $13,374 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.6K
$320.7K – $427.7K
NOI $25,659 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with split-bedroom layout, granite kitchen finishes, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 14815 N FOUNTAIN HILLS Boulevard Unit 112 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Ground‑floor two‑bedroom, two‑bath condominium; Split‑bedroom plan with open great room and kitchen; Granite countertops and primary‑suite walk‑in closet
