Condominium with Private
For Sale
$290,000
16301 E ROSETTA Drive #68, Fountain Hills, AZ 85268
Residents have access to a solar-heated pool and spa, with restaurants a short walk away.
Property Size1,120 SF
Price / SF$258.93
Days on Market26
Property Features for 16301 E ROSETTA Drive #68
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Apartment
Amenities
private balcony
solar-heated pool
spa
Building Details
Year Built
1980
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 8
Changed: Nov 1
Last Checked: Oct 31 at 10:15PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 1,120-square-foot condominium was built in 1980 and has been freshly painted. A private balcony provides an outdoor space with views of mountain sunrises.
Community amenities include a solar-heated pool and a spa. Restaurants are within a short walk, and the property offers views of the McDowell Mountains at sunset.
Community amenities include a solar-heated pool and a spa. Restaurants are within a short walk, and the property offers views of the McDowell Mountains at sunset.
Key Highlights
- 1,120‑square‑foot condominium built in 1980
- Private balcony with mountain views
- Community pool heated by solar energy, plus a spa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,640
Cap Rate
4.36%
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 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.4K
$303.1K – $404.2K
NOI $24,251 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
903
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 - Residents have access to a solar-heated pool and spa, with restaurants a short walk away.
Where is this residential income property located?
The property is located at 16301 E ROSETTA Drive #68 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,120‑square‑foot condominium built in 1980; Private balcony with mountain views; Community pool heated by solar energy, plus a spa
