Fully Furnished Short-Term Rental
16624 E Palisades Blvd #204 Fountain Hills, AZ 85268
For Sale
$250,000
A fully furnished two-bedroom, two-bath condo with a split floor plan and community pool/patio in Fountain Hills.
Property Size997 SF
Price / SF$250.75
Days on Market24
Property Features for 16624 E Palisades Blvd #204
General Information
Standard status
Active
Size
997 SF
Property subtype
Apartment
Building Details
Year Built
1985
Listing Agency:
Berkshire Hathaway HomeServices Arizona Properties
(425) 412-0843
Listed By:
Alyvia McConnell
(425) 412-0843
Source:
Aznewhorizonrealty
Added: Jul 7
Changed: Jul 29
Last Checked: Jul 29 at 6:49PM
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
Investment Insights
Based on property information with market context.
Fully furnished and currently operating as a successful rental, this two-bedroom, two-bath condo offers flexible living in a community that permits short-term rentals. Built in 1985, the home features a bright, open split floor plan with soaring ceilings, granite countertops, and abundant natural light.
Located in the heart of Fountain Hills at 16624 E Palisades Blvd #204, the condo is within a short walk of the Fountain, Avenue of the Fountains, restaurants, and Bashas' shopping center. The spacious balcony provides views of the McDowell Mountains and a glimpse of the iconic Fountain.
Residents can enjoy a fenced community pool and a patio area designed for relaxing or entertaining. With its furnished condition and permitted short-term rental use, the condo can serve as an investment, a seasonal getaway, or full-time residence.
Located in the heart of Fountain Hills at 16624 E Palisades Blvd #204, the condo is within a short walk of the Fountain, Avenue of the Fountains, restaurants, and Bashas' shopping center. The spacious balcony provides views of the McDowell Mountains and a glimpse of the iconic Fountain.
Residents can enjoy a fenced community pool and a patio area designed for relaxing or entertaining. With its furnished condition and permitted short-term rental use, the condo can serve as an investment, a seasonal getaway, or full-time residence.
Key Highlights
- Fully furnished condo currently operating as a successful rental
- Community permits short‑term rentals
- Two‑bedroom, two‑bath open split floor plan with soaring ceilings and granite countertops
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $21.60 |
| − Vacancy | −$1.1k | −$1.08 |
| EGI | $20.5k | $20.52 |
| − OpEx | −$9.2k | −$9.23 |
| NOI | $11.3k | $11.29 |
997 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$160.7K
$140.7K – $187.5K
NOI $11,252 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.4K
$269.9K – $359.8K
NOI $21,588 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Short term rental property - A fully furnished two-bedroom, two-bath condo with a split floor plan and community pool/patio in Fountain Hills.
Where is this short term rental property located?
The property is located at 16624 E Palisades Blvd #204 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Fully furnished condo currently operating as a successful rental; Community permits short‑term rentals; Two‑bedroom, two‑bath open split floor plan with soaring ceilings and granite countertops
