Residential Income Condo with
For Sale
$290,000
16301 E ROSETTA Drive 68, Fountain Hills, AZ 85268
A freshly painted interior and access to a solar-heated pool and spa add useful amenities to this condominium.
Property Size1,120 SF
Price / SF$258.93
Days on Market21
Property Features for 16301 E ROSETTA Drive 68
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,100
Amenities
private balcony
solar-heated pool
spa
Building Details
Building Size
1,120 SF
Year Built
1980
Listing Agency:
Keller Williams Realty Sonoran Living
Listed By:
BVO Luxury Group · License #01428775
(833) 286-7653
Source:
Bvoluxury
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
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 Keller Williams Realty Sonoran Living
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 1,120-square-foot condominium was built in 1980 and has a private balcony. The interior has been freshly painted, and the property includes access to a solar-heated pool and spa.
Mountain views include sunrise vistas, with the McDowell Mountains also in the surrounding landscape. Restaurants are a short walk along the street.
Mountain views include sunrise vistas, with the McDowell Mountains also in the surrounding landscape. Restaurants are a short walk along the street.
Key Highlights
- 1,120‑square‑foot condominium built in 1980
- Private balcony with mountain sunrise views
- Solar‑heated pool and 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.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
903
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
Frequently Asked Questions
What type of property is this?
Residential income property - A freshly painted interior and access to a solar-heated pool and spa add useful amenities to this condominium.
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 sunrise views; Solar‑heated pool and spa
