Ground-Level Residential
16208 E Rosetta Dr #35, Fountain Hills, AZ 85268
For Sale
New
$350,000
Two bedrooms, two full baths, a private laundry room, and garage access support comfortable everyday living.
Property Size1,229 SF
Price / SF$284.78
Days on Market3
Property Features for 16208 E Rosetta Dr #35
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
pool
spa
covered gathering space
shared courtyard
private laundry room
garage
Building Details
Year Built
Listing Agency:
Mackey & Associates Realty
(909) 702-8360
Listed By:
Tucker and Oleg
(602) 688-2836
Source:
Kennethjamesrealty
Added: Nov 12
Last Checked: Nov 12 at 2:20PM
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 Mackey & Associates Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-level residence at 16208 E Rosetta Dr #35 in Fountain Hills offers 1,229 square feet, with two bedrooms and two full bathrooms. The living room connects to a formal dining area, while sliding doors open to a rear patio. The kitchen has ample cabinetry and counter space, and engineered hardwood flooring extends through much of the home. The primary suite includes a walk-in closet, ensuite bath, and patio access. A private laundry room and garage access add practical convenience; the heating and cooling system has been updated.
Community amenities include a landscaped shared courtyard, pool, spa, lounge seating, and a covered gathering area. Fountain Park and the Avenue of the Fountains are nearby, along with downtown shops, galleries, restaurants, and community events.
Community amenities include a landscaped shared courtyard, pool, spa, lounge seating, and a covered gathering area. Fountain Park and the Avenue of the Fountains are nearby, along with downtown shops, galleries, restaurants, and community events.
Key Highlights
- 1,229‑square‑foot ground‑level residence with two bedrooms and two full bathrooms
- Primary suite features a walk‑in closet, ensuite bath, and sliding‑door access to the patio
- Rear paver patio and shared front courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,870
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,400
$277.4K
Cap Rate 7%
$198,143
$198.1K
Cap Rate 9%
$154,111
$154.1K
Market Conditions
NOI Build-Up for 1,229 SF
Gross rent
$26.5K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$25.2K $20.52/SF
− OpEx
−$11.3K −$9.23/SF
NOI
$13.9K $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%
$277,400
Cap Rate 7%
$198,143
Cap Rate 9%
$154,111
Alternative Uses
Best Use
Apartment 5plus
$198.1K
$173.4K – $231.2K
NOI $13,870 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
547
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Residential income properties in Maricopa County
Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two full baths, a private laundry room, and garage access support comfortable everyday living.
Where is this residential income property located?
The property is located at 16208 E Rosetta Dr #35 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,229‑square‑foot ground‑level residence with two bedrooms and two full bathrooms; Primary suite features a walk‑in closet, ensuite bath, and sliding‑door access to the patio; Rear paver patio and shared front courtyard
