Single-Level Residential Income
For Sale
$325,000
Pending
16255 E Chiquita Dr #21, Fountain Hills, AZ 85268
The condo includes private outdoor courtyards at both the front and rear.
Property Size1,120 SF
Days on Market10
Property Features for 16255 E Chiquita Dr #21
General Information
Standard status
Pending
Size
1,120 SF
Property subtype
Multi-Family
Amenities
pool
spa
Building Details
Year Built
1979
Listing Agency:
Arizona Adobe Group Realty
(928) 634-1099
Listed By:
Brandon Howe Team
(602) 909-6513
Source:
Howerealtygroup
Added: Oct 24
Changed: Nov 1
Last Checked: Nov 1 at 5:47AM
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 Arizona Adobe Group Realty
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Investment Insights
Based on property information with market context.
This 1,120-square-foot, single-level condo was built in 1979 and has no-step access. Private courtyards at the front and rear provide two separate outdoor areas. The home occupies an end position and backs to open space.
La Vida Buena in Fountain Hills offers a community pool and spa. The property is at 16255 E Chiquita Dr #21, Fountain Hills, AZ 85268.
La Vida Buena in Fountain Hills offers a community pool and spa. The property is at 16255 E Chiquita Dr #21, Fountain Hills, AZ 85268.
Key Highlights
- 1,120‑square‑foot condo with single‑level, no‑step living
- Private front and rear courtyards
- End position backing to open space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,640
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,800
$252.8K
Cap Rate 7%
$180,571
$180.6K
Cap Rate 9%
$140,444
$140.4K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$24.2K $21.60/SF
− Vacancy
−$1.2K −$1.08/SF
EGI
$23.0K $20.52/SF
− OpEx
−$10.3K −$9.23/SF
NOI
$12.6K $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%
$252,800
Cap Rate 7%
$180,571
Cap Rate 9%
$140,444
Alternative Uses
Best Use
Apartment 5plus
$180.6K
$158.0K – $210.7K
NOI $12,640 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.4K
$303.1K – $404.2K
NOI $24,251 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
916
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 - The condo includes private outdoor courtyards at both the front and rear.
Where is this residential income property located?
The property is located at 16255 E Chiquita Dr #21 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,120‑square‑foot condo with single‑level, no‑step living; Private front and rear courtyards; End position backing to open space
