Residential Income Condo with
New
For Sale
$269,900
16805 E El Lago Boulevard #201, Fountain Hills, AZ 85268
This upper-level end unit offers two private balconies, assigned covered parking, and use of a community pool.
Property Size899 SF
Price / SF$300.22
Days on Market5
Property Features for 16805 E El Lago Boulevard #201
General Information
Standard status
Active
Size
899 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$529
Amenities
community pool
assigned covered parking
in-unit laundry
private balconies
Full Bth Master Bdrm
Eat-in Kitchen
Breakfast Bar
Balcony
Building Details
Building Size
899 SF
Year Built
1985
Stories
2
Listing Agency:
Barrett Real Estate
(480) 864-2100
Listed By:
Martha Chavez · License #SA659009000
(602) 421-6101
Source:
Jlberrycompany
Added: Oct 29
Changed: Nov 1
Last Checked: Oct 30 at 1:48AM
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 Barrett Real Estate
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.
Built in 1985, this 899-square-foot, upper-level end-unit condo has 2 bedrooms and 2 bathrooms. Interior features include vaulted ceilings, an updated kitchen with refreshed cabinetry and countertops, a breakfast bar, and in-unit laundry. Recent improvements include flooring, paint, baseboards, closets, ceiling fans, and security door hardware. The air-conditioning unit was replaced around 1–2 years ago.
Two private balconies, assigned covered parking, and a community pool round out the property’s features. The condo is near Fountain Park, dining, shopping, and recreational amenities.
Two private balconies, assigned covered parking, and a community pool round out the property’s features. The condo is near Fountain Park, dining, shopping, and recreational amenities.
Key Highlights
- 899‑square‑foot upper‑level end‑unit condo
- 2 bedrooms and 2 bathrooms
- Two private balconies and assigned covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,146
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,920
$202.9K
Cap Rate 7%
$144,943
$144.9K
Cap Rate 9%
$112,733
$112.7K
Market Conditions
NOI Build-Up for 899 SF
Gross rent
$19.4K $21.60/SF
− Vacancy
−$971 −$1.08/SF
EGI
$18.4K $20.52/SF
− OpEx
−$8.3K −$9.23/SF
NOI
$10.1K $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%
$202,920
Cap Rate 7%
$144,943
Cap Rate 9%
$112,733
Alternative Uses
Best Use
Apartment 5plus
$144.9K
$126.8K – $169.1K
NOI $10,146 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.1K
$243.3K – $324.4K
NOI $19,466 @ 7.0% cap · market cap 7.21%
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
1,320
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
Frequently Asked Questions
What type of property is this?
Residential income property - This upper-level end unit offers two private balconies, assigned covered parking, and use of a community pool.
Where is this residential income property located?
The property is located at 16805 E El Lago Boulevard #201 Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 899‑square‑foot upper‑level end‑unit condo; 2 bedrooms and 2 bathrooms; Two private balconies and assigned covered parking
