Residential Income Property with
For Sale
$255,000
14849 N KINGS Way 120, Fountain Hills, AZ 85268
An open layout, two bedrooms with walk-in closets, and HOA-included internet and Cox cable define the offering.
Property Size1,004 SF
Price / SF$253.98
Days on Market196
Property Features for 14849 N KINGS Way 120
General Information
Standard status
Active
Size
1,004 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$507
Amenities
Internet
cable TV
Building Details
Building Size
1,004 SF
Year Built
1987
Buildings
1
Listing Agency:
Your Home and Future, LLC
Listed By:
Eric Saul · License #BR547725000
(480) 241-1893
Source:
1912realty
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 26 at 2:37PM
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 Your Home and Future, LLC
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Investment Insights
Based on property information with market context.
This residential property contains 1,004 square feet and was built in 1987. Its open floor plan is brightened by multiple windows, and both bedrooms have large walk-in closets. A covered porch extends the living area outdoors. Internet and Cox cable are included in the HOA.
Center Court Villas is near the lake, the Fountain, walking paths, shopping, and dining in Fountain Hills, Arizona.
Center Court Villas is near the lake, the Fountain, walking paths, shopping, and dining in Fountain Hills, Arizona.
Key Highlights
- 1,004 square feet; built in 1987
- Two bedrooms, each with a large walk‑in closet
- Open floor plan with multiple windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,331
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,620
$226.6K
Cap Rate 7%
$161,871
$161.9K
Cap Rate 9%
$125,900
$125.9K
Market Conditions
NOI Build-Up for 1,004 SF
Gross rent
$21.7K $21.60/SF
− Vacancy
−$1.1K −$1.08/SF
EGI
$20.6K $20.52/SF
− OpEx
−$9.3K −$9.23/SF
NOI
$11.3K $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%
$226,620
Cap Rate 7%
$161,871
Cap Rate 9%
$125,900
Alternative Uses
Best Use
Apartment 5plus
$161.9K
$141.6K – $188.9K
NOI $11,331 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
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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 - An open layout, two bedrooms with walk-in closets, and HOA-included internet and Cox cable define the offering.
Where is this residential income property located?
The property is located at 14849 N KINGS Way 120 Fountain Hills, 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: 1,004 square feet; built in 1987; Two bedrooms, each with a large walk‑in closet; Open floor plan with multiple windows
